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Dealmoney - Commodity Daily - 17-Mar-20	Download pdf

USDINR

USDINR has retraced from the all time high of around 74.75, & made a Bearish Engulfing formation on daily chart. The momentum indicator RSI currently at 73 having retraced from resistance, but still supportive of the bullish bias. The immediate support for USDINR is 73.90/73.50, meanwhile the immediate resistance of 75. With the above analysis, we expect the sideways to bearish bias for the price, & expect the USDINR to trade within the range of 74.80-73.5. However, a break below the support, price could witness a fresh bearish trend.