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Immediate Focus On Bear Channel....>

DOLLAR-INR TECHS
DOLLAR-INR TECHS: Immediate Focus On Bear Channel Base
*RES 4: Inr65.1375 - Low Nov 
*RES 3: Inr64.8848 - 200-DMA 
*RES 2: Inr64.8588 - 55-DMA 
*RES 1: Inr64.6075 - High Nov 28
*PRICE: Inr64.4100 @ 2300GMT
*SUP 1: Inr64.2929 - Bollinger band base 
*SUP 2: Inr64.2256 - Daily Bear channel 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
(Inr65.3234) off Nov 2016 highs in recent weeks resulted in a sell off that sees
bears focused on Inr64.2256 where the daily bear channel base is situated and a
close below to confirm focus on 2017 lows. Bulls need a close above the 200-DMA
to ease bearish pressure. Above Inr64.5425 is needed to end bearish hopes and
shift immediate focus to 2017 highs (Inr65.8900).

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