USDINR 25th Jan 2016 Update

USDINR 25th Jan 2016 Update

USDINR Minor Trend is down and USDINR Major Trend is up. As per our USDINR analysis / USDINR Prediction we clearly mentioned that we do not see any significant upside in USDINR from here on, sure minor variations are possible and we could see USDINR moving around 68 for next 2-3 trading days agreed but overall post 2nd Feb 2016 we see USDINR moving towards 63.  We are very clear that USDINR is headed for 63 and we do not see much higher than 68.7 now. (USDINR spot levels mentioned)  So our advice to traders and importers is to short the dollar at higher levels and then hold for lower targets of 63 with a view of 90-180 trading days.

Good Trading To You!