Dollar rupee future weekly technical analysis report for 29
may to 2 June 2017
week, Rupee triggered trend reversal on global volatility and as well as on EM
currency sell off. But this week we saw strong profit booking in weak dollar and
pair resumed downtrend for fresh lows.
inr future. Below 64.8 usd inr future will remain weak and absolute sell for targets
of 64 to 63.4. Expect sell off to continue in next week as we are seeing strong
dollar inflows in equity markets.
zones at 64.8 and 65.12 levels.
achieved 2017 bearish targets of 66.4 and 64.7 and now resumed long term
downtrend this week for targets 63.4 to 61.7 levels.