Sunday, June 5, 2011

USDINR may bounce from 44.50-60 levels...

44.68 is the 61.80% retracement frm its previous rally...also, 44.60 is a strong technical support level. Below tht it can again get into that slow moving cluster zone of 44.20 - 44.60 range..I would start buying usd at these lower levels arnd 44.60...wth a trget of 45.10-15...