usd to inr weekly graph technical analysis for 19 to 23 sep 2016

NSE.USDINR - OHLC Six Months_1w 2016-09-16 190034 Usd inr future this week closed at 67.08 with gain. After last week sharp dip, us dollar recovered on outflow as well as rupee devaluation news.   Usd inr future weekly chart price trend and momentum is turning bullish means dollar is getting stronger ahead of fed rate hike. This week usd inr future hit high at 67.27 while low was at 66.92. Total 39 paise or 0.6% weekly range and positive closing for dollar.   Usd inr future next week, below 67.25 remain sell on rise or bearish. On downside 66.9 and 66.55 are target zones which are already achieved by rupee in previous week’s dollar sell-off.   Currency future traders keep bearish view on usdinr future below 67.25 level and follow sell on rise trading strategy and expect targets 66.9 and then 66.55.   Option traders can use in the money usd inr put options as buy on dips for big gains towards expiry.   For Indian currency tips on whatsapp with real time support and follow ups visit our subscription section.

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