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Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-08-2015

Mtechtips MCX-SX USDINR INTRADAY trading analysis 14-08-2015

MTECHTIPS Dollar/rupee opened at fresh near two-year high Friday after fears of a rate hike by the US Federal Reserve increased following a mixed bag of data from the world’s largest economy. Meanwhile, the Yuan finally halted a three-day slide after the central bank’s reference rate rose for the first time since China devalued its currency on Tuesday.Near term bullishness is expect to remain continued and any dip towards 65.00-64.95 is expect to attract huge buying for the upside target of 65.45-65.70 with stop loss below 64.80 On the downside a break below 64.80 is expect to change recent trend and bearish move towards 64.45-64.00 is likely to seen in days to come.

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