Trend updated for-Jan/14/2014.CMP-62.305
The Dollar is strengthening against Indian Rupee in long- term .Currently Dollar is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Dollar. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing SELL signal For short term Dollar is in HOLD SHORT position.Positionally Support for USDINR is 61.97-61.64-60.82-.
Resistance for the USDINR is 62.84-63.46-63.48-63.62-
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