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Free USD Vs INR Analysis to Make Money

Trading Forex requires a lot of diligence as it is a complex market which never sleeps. We analyse the status of INR against USD

After consolidating for over a month, USD/INR staged a strong rally above 62.00 on the back of strong volumes.

Possibility of seeing higher levels on the pair remains as long as 61.90/85 is intact on a closing basis.

We expect a test 63.00/63.10 levels initially, with the possibility of the pair even extending towards 63.95/64.00 levels on spot.

The post is made on 07 Nov 2013.

To be honest we do not recommend retail traders to go for Forex market seeing the number of forces acting on it and thus ideal way for traders to make money in India is to use equity route and none can beat the returns through intraday using the sure tip of the day which performs irrespective of the condition of the market.

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