dollar rupee weekly : expect downside target 65.75

usd inr future weekly technical analysis for 28 march to 1 april 2016

usd inr future weekly technical analysis for 28 march to 1 april 2016

NSE usd inr future this week closed with gain. After last 3 weeks correction, dollar given bounce back and closed in green against rupee.     Usd inr future weekly chart, price trend and momentum both are bearish. On downside 66.55 and 65.75 are support zones as well as target levels for upcoming weeks. On upside 67.2 is strong resistance and below it traders must keep sell on rise view.     On weekly chart, dollar breakdown suggesting 64 to 63 targets for usdinr in medium to long terms.

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