From the above chart of USDINR we are able to see prices took resistance @ 50% retracement of the move from 68 odd levels to 58. I would advise to go long in USD INR with targets of 62.30, 63.5, 64.75. If by any chance if the prices close above 64.75, 68 would be a probable target. My ultimate target for USD-INR is 72. RSI confirms the USDINR contract was oversold so longs in it are justified.
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