Way2Wealth has come out with its report on currency. According to the research firm, one can sell USDINR for the target of 67.40 - 67.20 with a stop loss of 67.96.
Way2Wealth's report on currency
In line with expectation the USDINR extended its loss on Thursday. Initially, it opened at 67.61 and recouped marginally till the mid session, in the second half it once again turned lower and fell to the low of 67.54 and finally ended at 67.56. The pair has penetrated the horizontal channel pattern according it the side supports are seen at 67.40 then 67.20 levels. Hence we continue to advise selling on minor pull packs around 67.69 for targets of 67.40/67.20.
Pair : USDINR
Action : Sell
Entry : 67.69
Target : 67.40 - 67.20
Stop Loss : 67.96
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First Published on Feb 3, 2017 10:47 am