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Rally Continues, Inr65.695 The.....>

DOLLAR-INR TECHS
DOLLAR-INR TECHS: Rally Continues, Inr65.695 The Next Resistance Of Note
*RES 4: Inr66.205 2% volatility band
*RES 3: Inr66.070 Sep 28 high
*RES 2: Inr65.730 Oct 6 high
*RES 1: Inr65.695 76.4% Fibo of Inr66.070-Inr64.480
*PRICE: Inr65.690 @2323GMT
*SUP 1: Inr64.940 Nov 9 low
*SUP 2: Inr64.810 Nov 6 high, now support
*SUP 3: Inr64.750 Nov 3 high, now support
*SUP 4: Inr64.650 Nov 7 lowlow
*COMMENTARY* Gradually recouping some of the losses seen since the Sep 28 high
at Inr66.070. The next resistance of note now comes from the 76.4% Fibo retrace
level at Inr65.695. Will need to cross back above here in order to switch the
near term bias back to the topside. In the interim, support rises to the Nov 9
low at Inr64.940 and this prevents a deeper setback of gains seen from
Inr64.480.

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