USDINR : Technical View : 22.11.2019
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* The USDINR pair closed slightly negative during the previous session.
* Moreover, the pair has been trading below the Falling Trendline, which adds pressure in the counter.
* Furthermore, the pair has pushed back from the upper Bollinger Band, which signifies bearish strength in the counter.
* Additionally, a momentum indicator RSI(14) has shown negative crossover, which confirms power to the bears.
* Hence, we expect bearish move in USDINR future towards 71.65 level.
* Moreover, the pair has been trading below the Falling Trendline, which adds pressure in the counter.
* Furthermore, the pair has pushed back from the upper Bollinger Band, which signifies bearish strength in the counter.
* Additionally, a momentum indicator RSI(14) has shown negative crossover, which confirms power to the bears.
* Hence, we expect bearish move in USDINR future towards 71.65 level.