USD INR Monthly report for November 2016

USD INR Monthly report for November 2016 Free Dollar rupee monthly tips for nov 2016 Usd inr future on last trading session closed with loss. Usd inr future is trading at major monthly pivot support of 66.95. Above this us dollar will remain bullish and buy on dips.   Usd inr future monthly outlook will be bullish above 66.95. Usd inr monthly resistances as well as target zones are 67.3 and 67.6 for November expiry. Below 66.95 on weekly closing basis, rupee become stronger and buy. On downside 66.7 and 66.35 are major support zones and target for rupee on reversal of trend. Positional Currency traders above 66.95 keep buy and accumulate for USD and expect swing targets 67.3 and then 67.6.   Usd inr weekly chart, suggesting correction is over for usd and pair might resume medium to long term uptrend towards 68.6 target. On downside 66.4 is major bottom and support zones as well as stop loss for long term investors.

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Pramod Baviskar

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