Indian rupee rose , boosted by a sharp drop in oil prices and a rebound in stock markets also helped to ease concerns of outflows
Technical view 17.07.08
USD/INR is expected to give a downward correction for the day. With the trading range expected between 42.75-43.07.With good support seen at 42.70 levels and key resistance for the currency is seen at 43.12 levels. Currency has given a lower open and Chart pattern indicates a bearish note in the currency as it is seen trading below the moving averages and is expected to test the lower Bollinger level in near term.
No comments:
Post a Comment