Buy USDINR; target of 65.80: Way2Wealth

Way2Wealth's currency report on USDINR

USDINR futures opened strongly higher with gap in the last session and prices made a high of 65.21 in the opening session. Later prices corrected sharply for the remaining session till low of 64.76 and closed around 64.83 level. Prices have rallied strongly in the last week and touched its previous swing highs placed around 65.12 level. Prices are expected to rise further from these levels if break above 65.21 level towards next strong resistance placed around 65.80 level.

Pair : USDINR
Action : Buy
Entry : 65.21
Target : 65.80
Stop Loss : 64.75Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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