USD INR currency future weekly call for 14 to 18th JAN
dollar rupee future this week closed at 70.61 with huge gain. this week usd rallied from low of 69.38 to highs of 70.78 rupees.
dollar rupee future hit january series recovery target of 70.75, now watch for next big move !!
for next week, usd inr future if gives breakout above 70.8 then expect bullish trend and upside short covering rally up to 71.85 to 73.7+ rupees.
but fails then expect downtrend continuetion and sell targets of 68.95 and below !!
usd inr future on downside has support around 70.4 rupees.
from investment view, dollar above 69.4 rupee level will remain bullish and will head for targets of 75 to 80 rupees.
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