USDINR : Technical View : 18.11.2019
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* The USDINR pair during it’s Friday session closed negatively
and declined 0.23%.
* Moreover, the pair has faced resistance of the Falling
Trendline and also it has pushed back from the upper Bollinger Band.
* However, On the daily chart the pair is trading above it’s 50
& 200 Days’ SMA.
* Additionally, a momentum indicator RSI (14) has rebounded from overbought zone.
* Hence, we expect sideways bearish move in USDINR future
towards 71.70 level.
and declined 0.23%.
* Moreover, the pair has faced resistance of the Falling
Trendline and also it has pushed back from the upper Bollinger Band.
* However, On the daily chart the pair is trading above it’s 50
& 200 Days’ SMA.
* Additionally, a momentum indicator RSI (14) has rebounded from overbought zone.
* Hence, we expect sideways bearish move in USDINR future
towards 71.70 level.