USDINR after reaching its high level range 72.20 is trying to test -- support range of 71.20-71.40 Any break down in any levels may lead to the further down levels of 70.48. On the Resistance side, it may test 72.53 & 73 levels in the coming days.
As said, USDINR has turnaround from the range of 71.40 and now will soon be testing the following levels on the upside at 72, 72.30, 72.44 & 72.53 in the coming days
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Dollar is Volatile.. so Whenever it reaches at the below the level of 71 it turns around to the higher levels of 71.60-71.80 levels. It means it is consolidation in between these levels making it a strong base for new high.. better be cautious. and trade is active.
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