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. For month of December 2016, 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.