Rupee climbed to fresh highs as bank sold dollars to tide over a cash crunch in domestic money market,while firmer Asian stocks underpinned the sentiments.
Tech view:
Rupee is expected to give a slight correction upwards. It is expected to trade in the range of 42.62-42.78.With good support seen at 42.58 and key resistance for the currency is seen at 42.80.Currency has tested the Lower Bollingers and is seen trading below the fast moving averages confirming the bear trend. But the chart pattern hints towards a small upward correction.
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