USDINR: Buy on dips at 64.72 for targets of 64.93 | Outlook on currencies | IndiaNotes.com
On Monday USDINR pair opened marginally higher at 64.79 and inched till the high of 64.94 and by ended it settled with marginal gains at 64.84. Pair is rebounding from 61.8% retracement supports and on the higher the trend line resistance is at 64.93. So ahead, we expect pair to trade in the specific range of 64.65 -64.94. levels and advise buying on dips at 64.72 for targets of 64.93.
On Monday, EURINR pair opened with gap down at 75.21 and from it recovered till the high of 75.48, but it failed to hold till the ended and finally settled at 75.28. The primary trend is still bearish and thus we advise selling on rise around 75.52 for downside targets of 75.00 the 74.44 levels
Click here to read the full report