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Last Updated : Aug 04, 2016 09:54 AM IST | Source:

Buy USDINR above at 67.30; target of 67.80: Way2Wealth

Way2Wealth has come out with its report on currencies. According to the research firm, one can Buy USDINR above at 67.30 for the target of 67.80 with a stop loss of 67.04.

Way2Wealth's report on currencies



Prices  failed to fall below the recent lows and rebound  from the support level to end with bullish candle.  This is  indicating for pattern failure, however, confirmati on of the same will come only on the cross of 67.49.


GBPINR  opened the past session with positive gap and  concluded the same with bullish candle. This has  confirmed the bullish breakout in the patter and no w we  expect that prices can travel up to 90.30 and 91.50 levels.  


Pair  maintaining its bullish stance ended the past sessi on  around the rising resistance line which is at 75.60 . Surpass  of the same can take the prices to higher levels of 76.  Daily MACD is sustaining well above the signal line and is  supporting the bullish outlook.

Action : Buy above
Entry : 67.30
Target : 67.80
Stop Loss : 67.04

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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First Published on Aug 4, 2016 09:54 am
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