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

DOLLAR-INR TECHS
DOLLAR-INR TECHS: Bears Focused On 2017 Low
*RES 4: Inr65.0200 - LT Falling TL off Nov 2016 High 
*RES 3: Inr64.7208 - 55-DMA 
*RES 2: Inr64.6239 - 200-DMA 
*RES 1: Inr64.2970 - 21-DMA
*PRICE: Inr64.1500 @ 2300GMT
*SUP 1: Inr63.9464 - Bollinger band base 
*SUP 2: Inr63.9350 - Low Dec 19 
*SUP 3: Inr63.7750 - Monthly Low Sept 8 
*SUP 4: Inr63.5600 - 2017 Low Aug 3
*COMMENTARY: An aggressive spike to start last week lacked follow through above
key DMAs. Bulls now look for a close above the 21-DMA to ease bearish pressure
and above the 55-DMA to shift focus to Inr65.0200-2560 where the LT falling TL
and bear channel top are situated. Bears currently focus on 2017 lows although
the Bollinger base currently limits follow through. A close below Inr63.9350 is
now needed to add weight to the bearish case.

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