usd inr monthly technical outlook for may 2016

 

usd inr monthly technical outlook for may 2016

Usd inr future on last trading session closed at 66.67.

 

For month of May 2016, usd inr future major support level is 66.6. Above it us dollar will remain strong and tgts will be 67.05 and 67.4.

 

Above 67.4 on weekly closing, dollar will enter super bull zone for tgts 67.85 and 68.2.

 

Below 66.6, us dollar will see another breakdown and might touch lower levels up to 66.25 and 65.8.

 

Traders must closely watch 66.6 level to going long or short.

 

 

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