Saturday, October 15, 2011

Currency&FOREX Weekly Technical Report 17th Oct to 22th Oct 2011

MARKET OVERVIEW
USD/INR is consolidating on charts so traders can use the strategy of sell on higher levels. If next week USD/INR sustains below the level of 48.8000 then below the level of 48.6500 USD/INR can test the level of 48.5000/48.3200.
STRATEGY
For the upcoming week 47.8000 and 47.2000 will act as major supports and 50.5000 and 50.9000 will act as major resistance in USD/INR.

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