Rupee climbed on as rising Asian stock markets revived

Rupee climbed on as rising Asian stock markets revived hopes of capital inflows into the local share market.
tech view
USDINR is expected to range bound between 50.30-50.90 for the day. With good support seen at 50.20 levels and key resistance is seen at 51.00 levels and currency swings to depreciate further in near term .A short term trend of touching the support level is seen today. Stochastic is seen trending down and currency is also seen trading below the moving average.