usd inr weekly technical analysis 16 to 20 may 2016

usd inr weekly technical analysis 16 to 20 may 2016 NSE usd inr future this week closed at 66.86. Weekly chart price trend is down but momentum is building on long side as dollar recovers.   For next week, usd inr future outlook remain bullish and above 66.6 keep buy on dips view. My tgts are 67.05 and 67.4.   Out of which 67.05 is achieved in this week and now if usd in get above 67.05 then expect 67.4 in May series.   Above 67.4, super bullish dollar tgts are 67.85 and 68.25. From long term view, usd inr future above 65 remain buy and accumulate for tgts 68.6 which is already achieved and then 71.

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Pramod Baviskar

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