Chart Analysis

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Dollar Rupee

Chart of the Week

Dollar Rupee this week has broken 67.50 (Bollinger band midpoint) and  67.25 (Ichimoku line) Suggested last week. Although it closed at 67.16 on Friday but in offshore market it has also broken 67.05 (38.2% of Fibonacci retracement of up move from 64.85 to 68.44). Next support comes at 66.62(50% fibonacci retracement) followed by 66.49(50 day simple moving average). Break of 67.31 (Low of 28/5 to 31/05) and 67.42 (Ichimoku line) is required for an up move in the pair

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