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Tuesday, January 31, 2012

Live Forex Rates, USDINR Trend

USDINR: 50.13
Pair after shedding more than four points found support at 49.56 and closed above 50 levels with a bullish engulfing candlestick pattern. Further pullback is expected in the counter.

EURINR: 65.78
It has started trending up in higher high/low fashion, after a decline of more than five points. Pair can continue trending higher until it hits the next resistance level.

GBPINR: 78.56
In the past session, pair ended near the falling trend line resistance on the 15 minutes chart. Some profit booking can be seen in the counter from current levels.

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