Wednesday, August 26, 2009
Indian Rupee
The USD/INR seems to be forming a clear double bottom pattern, which puts the odds in favour of the dollar. A sustained break of 48.90 should set the stage for a test of 50.20-50.40 near term .Given the recent range-bound movement in the pair, could expect to see a swift volatile move upon this breakout
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment