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Bears Focused On 2017 Low *RES.....>

DOLLAR-INR TECHS
DOLLAR-INR TECHS: Bears Focused On 2017 Low
*RES 4: Inr64.8823 - 55-DMA 
*RES 3: Inr64.7200 - 200-DMA 
*RES 2: Inr64.6300 - High Nov 30 
*RES 1: Inr64.2200 - Low Dec 5 now resistance
*PRICE: Inr64.0400 @ 2300GMT
*SUP 1: Inr64.0050 - Low Dec 15 
*SUP 2: Inr63.9717 - Bollinger band base 
*SUP 3: Inr63.7750 - Monthly Low Sept 8 
*SUP 4: Inr63.5600 - 2017 Low Aug 3
*COMMENTARY: Failure to gain traction on pops above the LT falling TL
(Inr65.1211) off Nov 2016 highs in recent weeks saw a sell off that resulted in
tests of the daily bear channel base. Bears take comfort in Friday/s bearish
close with focus back to Inr63.5600-7750 where 2017 and Sept lows are located.
Bulls now need a close above Inr64.2200 to ease immediate bearish pressure and
hint at a correction back to Inr64.6300.

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