DOLLAR rupee Future Daily Chart Technical Analysis
Dollar rupee future of December expiry on last trading session closed at 70.19 with gain. On daily chart Dollar rupee future price trend and momentum are bearish now and after making high around 72.6 we saw continues selling in dollar and this pair hit low of 69.68 rupees in this week. In this week dollar was down for 4 days and up for 1 day. For next week, below 71.35 rupee level, dollar will remain sell on rise with stoploss and expect targets of 69.5 and then 68.3 rupee levels on downside.
Dollar rupee future weekly chart technical analysis
Dollar rupee future on weekly chart showing big loss for this week. This was first losing week for dollar and this week downside wiped out last 2 weeks gains and made fresh low.
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 69.68 and below 70.25 expect correction to continue towards 67.2 rupee level.
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