Usd inr future December 2016 outlook

Usd inr future December 2016 outlook

Usd inr future remain buy above 68 targets 69.6 and 70.5

Usd inr future on last trading session closed at 68.49 with loss. Dollar rupee future is in strong uptrend but technically overbought. For month of December 2016, usd inr future above 68 rupee remain bullish and buy on dips though it is still overbought. On upside my monthly usd inr targets are 69.6 and then 70.5.   Usd inr future weekly closing below 68 means downtrend for US dollar and strong rupee. If it happens then expect deep downside for dollar on RBI interventions as well as profit booking up to 67 and then 65.55 in December series.   Usd inr weekly chart showing, dollar achieved long term target of 68.6 and breakout above it means next long term target of 70.9.

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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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