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Thursday, December 29, 2011

Currency Tips for Today

The Dollar has strongh strength against Indian Rupee. Dollar is currently moving in sideways. The USDINR is now trading in oversold level. The oscillators are showing sell signal for short term.

Support for USDINR is 52.45-51.14-50.19-48.94
Resistance for USDINR is 54

Traders are advised to buy only above 53.903 with a strict stop loss at 53.404 Below 53.404 go for sell with a stop loss at 53.808.

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