USD Vs INR
USD/INR at chart is moving sideways to firm with price closing above the EMA’s. Formation of candlestick with long upper shadow suggests steady to weak opening. Flat RSI lacks direction while negative nature of MACD is cautioning the bulls. USD/INR is likely to open weak and recover thereafter. Hence going long on dips is likely to remain ideal.
Recommendation
Buy in the range of 48.20-48.10 stop loss below 47.90 targets 49.60-49.90
USD Vs JPY
USD/JPY at chart is moving sideways to firm with price closing above the EMA’s. Formation of candlestick with long upper shadow suggests steady to weak opening. Flat RSI lacks direction while negative nature of MACD is cautioning the bulls. USD/JPY is likely to open weak and recover thereafter. Hence going long on dips is likely to remain ideal.
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