USDINR : Technical View : 27.11.2019
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* The USDINR pair experienced pressure and fell by 0.32% during the last trading session.
* Also, the pair has started trading below its Parabolic SAR, which is negative for the counter.
* Furthermore, momentum indicator MACD has shown a fresh negative crossover, which confirms bearishness.
* Additionally, a momentum indicator RSI(14) has started declining from the overbought levels which confirms weakness.
* Hence, we expect bearish move in USDINR future towards 71.30 level.
* Also, the pair has started trading below its Parabolic SAR, which is negative for the counter.
* Furthermore, momentum indicator MACD has shown a fresh negative crossover, which confirms bearishness.
* Additionally, a momentum indicator RSI(14) has started declining from the overbought levels which confirms weakness.
* Hence, we expect bearish move in USDINR future towards 71.30 level.