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Topside Failures Taking Their......>

DOLLAR-INR TECHS
DOLLAR-INR TECHS: Topside Failures Taking Their Toll
*RES 4: Inr65.619 - Bollinger band top 
*RES 3: Inr65.413 - High Oct 9 
*RES 2: Inr65.222 - 200-DMA 
*RES 1: Inr65.045 - Daily Bear channel top
*PRICE: Inr64.850 @ 2300GMT
*SUP 1: Inr64.685 - Low Oct 16 
*SUP 2: Inr64.644 - Bollinger band base 
*SUP 3: Inr64.526 - 55-DMA 
*SUP 4: Inr64.463 - 100-DMA
*COMMENTARY: Having remained capped ahead of the 21 (Inr65.131) and 200-DMAs on
the recovery from Inr64.685 the pair is looking heavy with immediate focus on
Inr64.685. Bears need a close below to ease bullish pressure and to shift focus
to Inr64.232-526 where 55 & 100-DMAs and the bear channel base are situated. The
Bollinger base is the key concern for bears. Bulls need a close above the
200-DMA to end bearish hopes and shift focus back to Inr65.413-890.

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