Dalal street winner’s usd inr future Weekly forecast for 20 to 24 June 2016
Usd inr future this week closed with gain. After last week’s gains rupee lost all gains to dollar on market weakness.
For next week, usdinr future outlook will be bullish as governor raja is leaving RBI in Sep, expect wide and volatile action in rupee on downside. On weekly chart, usdinr future above 67 will remain bullish and upside 67.85 will be target zone for this bullish reversal.
For next week, usd inr future resistances are 67.5 and 68.1 while on downside 67.3 and 67 are support zones.
Future traders above 67 keep buy and accumulate view for next week, for targets 67.5 and 68.1. Option trader’s use 67.5 or next month 68 call options as buy and accumulate.
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