As per this trade setup it seems that USD/INR has defined a short term top around 52.70 currently trading at 51.47 bearish crossovers on MACD with bearish divergence supporting our short term bearish view. It is likely to taste 50.400-50.000 level in near term. 49.900 can act as good support zones but failure would signal retest of 48.220 that is 50% fib retracement also of current swing. Stochastic falling from over bought zone is supplying more power to our bearish view.
Rule number 1.Don't lose your money , Rule number 2.Don't ever-ever forget rule number 1.
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