Currencies
Friday, January 27, 2012
Rupee
Rupee: (Extending further)
Rupee closed @ 49.42 levels on 26/01/2012. It has extended fall further below support zone levels mentioned earlier (i.e-50.94 levels).
It has very strong support zone further@48.50 levels. Its also coincide with 40WEMA. One should expect pull back near from these levels in coming trading sessions.
Failed to hold support levels as mentioned above will lead to further fall in rupee till $47 levels.
One should watch it out support levels of $48.50 in short term for pull back. Overall mediumterm view is still not clear but it looks like range bound Trend in Rupee between $53.49 on higher end & $48.50 on lower end till it’s proven otherwise.
Support levels shifted from $50.94 as mentioned earlier to $48.50 levels till its hold.
It has very strong support zone further@48.50 levels. Its also coincide with 40WEMA. One should expect pull back near from these levels in coming trading sessions.
Failed to hold support levels as mentioned above will lead to further fall in rupee till $47 levels.
One should watch it out support levels of $48.50 in short term for pull back. Overall mediumterm view is still not clear but it looks like range bound Trend in Rupee between $53.49 on higher end & $48.50 on lower end till it’s proven otherwise.
Support levels shifted from $50.94 as mentioned earlier to $48.50 levels till its hold.
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Indian Rupee Exchange Rate