Super bullish dollar achieved target 67.9 but remain sell

usd inr intraday outlook for 16 Nov. 2016

Usd inr intraday outlook for 16 Nov. 2016

Usd inr future today closed at 67.86 with huge gains. Dollar is seeing strong buying and rupee trading at record lows. Above 67.6, usd inr future is upper bullish and targets are 67.9 and 68.2 and these are overbought positions and best for sell from medium term view. On downside 67.6 and 67.3 are support as well as retracement target zones. Volatility remain high and panic might shoot up this pair on upside.

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