DOLLAR INR Future Chart Technical Analysis
Dollar rupee future of December expiry on last trading session closed at 72.14 with gain. On daily chart Dollar rupee future price trend and momentum both are now bullish. Dollar rupee future is trading above all short term averages and heading higher towards buy targets.
Dollar rupee future from low of 69.8 recovered towards major resistance level of 71.4 and then we saw breakout and high around 72.6. Dollar is trading conformably above 71.4 support and heading towards targets of 73 and then possibly 76 can be expected on panic.
On weekly chart, 72 is strong support and if dollar sustain above 72 then expect strong buying up to 75 to 76 rupees zones.
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