USDINR FEB F – for 01-05 Feb- with tradeable levels
We once again saw an inability of the buyers to keep prices steady above 68.33 in the week gone by. So whilst the upside momentum is clearly seeing supply adding up, we are not noting the presence of sellers at lower levels still. In sum, the Buyer is still in control in USDINR but there […]
USDINR Jan/ FEB F – for 25-29 Jan- with tradeable levels
Last week that attempted upmove above 68.06 F was curtailed short of the first price objective of 68.38 at 68.24 and the selling pushed it lower than 68.06 forcing a liquidation on new longs which took the auction down to 67.58 by the close of the week. The post from last week is here – http://vtrender.com/usdinr-jan-f-for-18-22-jan-with-tradeable-levels/ […]
USDINR Jan F – for 18-22 Jan- with tradeable levels
Last week we broke out of the multi-day balance on Thursday and the imbalance carried the USDINR to 67.62 and 67.81 as we had pointed out in last week’s post.