Currencies
Friday, August 20, 2010
Rupee
Rupee: (Depreciate Further)
Rupee Closed at $46.50 as on 19-08-2010. Its Forming Triangle kind of pattern in long consolidation of last 3 months. It has one leg down pending as per chat attached before going to depreciate further for the target of $49.70.
One should watch breakout levels of triangle care fully at $ 46.80 for final confirmation of the Trend. Reversal level for the view is $ 45.40.
Rupee Closed at $46.50 as on 19-08-2010. Its Forming Triangle kind of pattern in long consolidation of last 3 months. It has one leg down pending as per chat attached before going to depreciate further for the target of $49.70.
One should watch breakout levels of triangle care fully at $ 46.80 for final confirmation of the Trend. Reversal level for the view is $ 45.40.
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Indian Rupee Exchange Rate