DOLLAR INR Future Daily Chart Technical Analysis
Dollar rupee future of December expiry on last trading session closed at 72.02 with gain. On daily chart Dollar rupee future price trend and momentum are bullish now and after achieving 71.3 rupee recovery target, dollar now turned bullish and heading towards my buy targets of 73 and then possibly show 76 on panic situation.
Dollar rupee future above 71.35 will remain buy on dips with strict stoploss for targets of 73 and above. This week we already saw high of 72.6 rupees.
Dollar rupee future weekly chart technical analysis
Dollar rupee future on weekly chart showing gains for this week. This was second gaining week for dollar and in these 2 weeks we saw 2.5 rupees recovery in US dollar.
From medium to long term view, Dollar rupee future achieved 2018’s all bullish and super bullish buy targets of 67.2 and then 70.25 and then 71.95 and lastly almost hit 75, now correcting towards them. Below 72 expect deeper correction towards major long term support of 70.2 & 67.2 rupees. We saw low of 69.8 and look like taken support around 70.2 and now recovering towards 72 & 75 rupee zones. this week dollar hit 72 rupee target and now above it expect 75 rupees on upside.
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