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Monday, February 6, 2012

Forex Signals, USDINR Trend for This Week

Last week USD/INR continued it's down trend but for the next week we can see some profit booking at lower levels, So for this week if USD/INR sustains below the level of 49.00 then below the level of 48.00 USD/INR can test the level of 47.5/47.10/ 46.70.
Resistance: 51.3800 - 49.3900
Support: 48.2000 - 46.6200

Strategy: For this week 47.75 and 45.50 will act as major supports and 50.30 and 52.00 will act as major resistance in USD/INR.

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