Dollar rupee Future Daily Chart Analysis
Dollar rupee future of March expiry on last trading session closed at 70.28 with gain. On daily chart Dollar rupee future price trend and momentum are strong bearish. We saw dollar breakdown around 71.3 rupee level an on downside 70.45 was first bearish target which got achieved now next support and bearish target for dollar will be around 69.65 rupee and below 70.45 expect that level as target zone. Dollar is trading in oversold zone so keep strict stop loss for short positions.
Dollar rupee future weekly chart analysis
Dollar rupee future on weekly chart showing loss for this week. This was first big losing week for dollar. From medium to long term view, Dollar rupee future is uptrend and taken strong support around 69.4 and now heading towards my 2019 investment targets of 75.3 and we saw high of 72.14 rupees now once again prices are retracing towards 69.4 rupees support zone. Below 69.4 rupee expect deep downside for USD.
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