Wednesday 1 October 2014

USDINR Positional View 01-OCT-2014

USDINR
Based on my daily Chart, I expect USDINR to move up. It has already done minimum upside move at 60.80, but still I expect upside move.
Upside retracement levels: 62.25-62.30, 63.40-63.55, 64.50-64.75, 65.50-65.70, 66.40-66.60. Above 68.75 Highly Bullish.




Note: Already broken res 61.73.

Support: 58.30.

Based on my wave count, I expect up move with base support at 58.34/60.17.
Upside targets: 62.45-62.60, 62.90-63.10, 63.75-63.90, 65-65.20, 66.20-66.50, 67-67.30.
Above 68.73 HIGHLY BULLISH.



Present Chart - As on 03-MAR-2015