Opening indications are positive for the USDINR. The USDINR is likely to trade stronger and could move in a range of Rs 49.12 and Rs 49.52. As International cues remain positive for the USD, therefore traders/investors are advised to buy using declines and trade long positions.
Thursday, February 9, 2012
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.
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.
