USD INR december forecast-expect bounce back from oversold zone

 DOLLAR RUPEE Monthly Outlook for Dec 2017

 

usd-inr future in november closed at 64.65 with loss.

for month of december, dollar is trading with oversold indicators and expect bounce back ahead.

below 64.95, dollar will remain weak and sell for lower targets 64.2-63.7.

if usd inr future gives recovery and breakout above 64.95 then expect bullish trend and upside targets of 65.4 and then 66.15 rupee.

from long term view, USD INR is looking weak now and might head lower towards 63.3 rupee level.

 

 

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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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