USDINR Opened On Flat Note And Traded Sideways


USDINR opened on flat note and traded sideways for the day.On the daily chart, pair has been rising form last couple of days; where price has moved above its prior resistance of 66.10 level.

In addition, price has given rising channel formation breakout and retained above it; which intimate bullish sentiments in the pair.

Furthermore, a momentum indicator RSI (14) has settled above its overbought zone; which shows optimistic bias for near term.

On the above technical studies & parameter, we expect bullish move in the prices towards 67.50 level.

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