NIFTY TRENDS

Wednesday, September 24, 2008

USD INR - A study





This is an attempt to study the USD-INR chart. As can be seen from chart, it made a high last week near to 47 Rs to a dollar. From there it has fallen to around 45 levels. The chart indicates that the support exists around 44 to 44.5 levels. As from chart some of the indicators were showing bearish divergences before the fall.

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