Usdinr future monthly-above 64.6 remain bullish and buy

Dollar rupee future monthly outlook June 2017

Dollar rupee future in month of May closed at 64.73 with
gains. After last 5 month continues weakness dollar seen some value buying as
well as short covering from oversold zones. This month dollar rupee future
recorded low at 64 while high was around 65.1. Total 1.1 rupee or 1.7% range
and closing near middle.
For month of June 2017, usd inr future outlook remain
bullish above 64.6 support level on daily closing basis. On upside my bullish
swing targets for June series are 65.2 and then 65.7.
While below 64.6, expect weakness to continue and lower
levels up to 64.2 and then 63.6. This month expect narrow range for dollar
rupee future which is good for small traders.
Currency traders above 64.6 keep buy on dips view in usdinr
future and expect 65.2 and then 65.7 levels as target zones for this

From long term view, dollar rupee future hit 2017 bearish
target zones of 66.4 and then 64.7. Below 64.7 on weekly closing basis rupee
remain king and dollar will be very bearish for another downside and long term
targets of 63.4 and then 61.7.

The Author

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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