USDINR Trade Idea - 14 May

USDINR Trade Idea - 14 May

14 May 2020 11:35 AM
 

USDINR:-On the hourly chart – a single candle reversal – shooting star is formed at the 50 period simple moving average resistance at 75.53 mark. RSI (14) has dipped below its zero-line at 49 now. Immediate support for USDINR is seen at 75.20 and 75.00 mark.

Our Preference:- Sell at 75.45

Target:- 75.20 and 75.00

Stop loss:- 75.59