USDINR : Technical View : 21.11.2019
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* The USDINR pair closed slightly positive during the previous session.
* Moreover, the pair is trading above Parabolic SAR, which confirms bullishness.
* Also, the pair has sustained above 50*200 days SMA’s, which indicates that there is still bullish strength in the counter.
* Additionally, a momentum indicator MACD has strongly sustained above it’s zero level which confirms power to the bulls.
* Hence, we expect bullish move in USDINR future towards 71.98 level.
* Moreover, the pair is trading above Parabolic SAR, which confirms bullishness.
* Also, the pair has sustained above 50*200 days SMA’s, which indicates that there is still bullish strength in the counter.
* Additionally, a momentum indicator MACD has strongly sustained above it’s zero level which confirms power to the bulls.
* Hence, we expect bullish move in USDINR future towards 71.98 level.