Dollar rupee future predictions for October series

Dollar rupee future in month of September, closed at 65.5 with huge gain. This was almost first gaining month for Dollar rupee future after last 2 months weakness and in this month Dollar rupee future hit low of 63.89 to high of 66.12 total 2.25 rupee range in month of September and strong breakout move on monthly charts.

For month of October, Dollar rupee future major support level is 65.15 and above it dollar will remain strong and upside resistance zones will be 66.5 and then 67.4 rupees.

Dollar rupee Daily chart price is trading in overbought zone with strong bullish indicators and oscillators. Expect some consolidation and then dollar might resume uptrend for big upside targets.

For currency traders, Dollar rupee future outlook above 65.15 remain strong bullish and trading strategy will remain buy and accumulate. On upside 66.5 is first target zone and then 67.4 will be next target level. If Dollar rupee future fails hold 65.15 support then expect strong profit booking and downside for US dollar up to 64.25 to 62.95 rupee.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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