nse dollar rupee daily chart technical analysis
nse usdinr future on last trading session closed at 64.17 with gains. on daily chart, dollar is strong bullish and in uptrend against rupee. buying momentum is continue for dollar as us dollar fundamental getting improved. us dollar is trading above all short term averages with fresh rally signals on indicators.
on downside, 63.8 is 1 month average and below it 63.3 is 3 month average support levels. on upside 64.55 is previous top resistance. daily chart macd is above zero with bullish divergence. rsi is at 58 and cci is 66 with bullish divergence.
for next week, above 63.3 use major corrections to buy and accumulation. as in june fed might increase rate we can expect upside targets of 64.6 to 65.3 for us dollar against rupee. for fresh buyers risk reward is not favorable.
nse dollar rupee weekly chart technical analysis
nse dollar rupee future this week closed with gains. after last 2 weeks correction and consolidation of us dollar, future once again resumed primary trend. this week nse dollar rupee high was at 64.56 while low was at 63.54. total 1 rupee plus weekly range and closed with gains.
nse dollar rupee weekly chart price trend and momentum both are bullish. weekly chart macd is above zero with fresh buy signal. rsi is at 70 and overbought while cci is at 136 and heading upwards in overbought zone.
from medium to long term view, nse dollar rupee above 63 will remain buy and accumulate with price target 64.4 which is already achieved and then 65.5 which can be expected in upcoming weeks.