Currencies
Wednesday, May 16, 2012
Rupee
RUPEE : (OH MY GOD)!!!!!! (Near very crucial levels)
Everybody scared with onesided upward movement of Rupee. Its straching Upward & extending beyond all targets levels.
& also making pressure on equity markets.
According to me it at very crucial levels. its at near upward channel break out & 1.618 of wave-III levels (i.e between tgt of $54.5 to $55).
One should watch out its behaviour at this levels, breakout from channel & beyond 1.618 of wave-III will lead further more fastest euporia rally in Rupee with higher levels targets..
But for the time being one should watch it out its behaviour @ this levels for short term
$53.58 is strong support & reversal levels for short term...
& also making pressure on equity markets.
According to me it at very crucial levels. its at near upward channel break out & 1.618 of wave-III levels (i.e between tgt of $54.5 to $55).
One should watch out its behaviour at this levels, breakout from channel & beyond 1.618 of wave-III will lead further more fastest euporia rally in Rupee with higher levels targets..
But for the time being one should watch it out its behaviour @ this levels for short term
$53.58 is strong support & reversal levels for short term...
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Indian Rupee Exchange Rate