Jan 06, 2017
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USDINR On Thursday, USDINR January contract extended its losses after opening at 68.20 and tumbled to the low of 67.87. In the second half, the pair slowly recovered from the low and finally settled at 68.12.
The pair which breached the trend line support of 68.02 in the initial hours has once again reclaimed that and ended within the channel. Ahead, 68.00 Mark will be the key immediate support break down below that will draw down till the 67.70 then 67.50.
Pair : USDINR Action : Sell Entry : 68.00 Target : 67.30 Stop Loss : 68.20
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