USD INR weekly report for 13 to 17 june 2016

USD INR weekly report for 13 to 17 june 2016 Usd inr future this week closed with loss. As dollar getting soft we saw strong buying in rupee on dollar inflows. After making recent top at 67.86, US dollar is getting hammered on risk on environment.   Usdinr weekly chart price trend is down and momentum is slowly building on bearish side with every drop. For next week, usd inr future support zones are 66.75 and then 66 rupees. These are target zones for June series. On upside 67.3 and 67.45 are resistances as well as fresh short entry zones for traders.   Currency traders can expect bounce back up to 67.3 to 67.45 on weak market but these levels will be best short entry zones for usd inr future. We will see 67.75 again and then possibly 66 in end of June series.   Option traders can follow buy on dips strategy for usd inr next month ATM put options for big gains.

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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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