$ DOLLAR IS POISED FOR A RISE

                                                     Dollar – Vs –Rupee

Dollar   closed at Rs.60.60  on 9-9-14

SUPPORT :-60.33 / 60.19 /59.90 / 59.57 / 59.52 / 58.95 / 58.69 / 58.25

RESISTANCE:- 60.69(Multiple Top) / 60.88 /61.19 / 61.55 /61.74 / 61.80 / 61.81 / 62.55 / 63.08 / 63.32 / 63.90.

TECHNICAL   OBSERVATION :-

The technical chart is showing strength and it is above all its short term and long term moving averages on the daily chart except for one which is at 60.95, furthermore it is on the verge of giving upside breakout and the break out point is 60.69(it has given the breakout at the time of posting this article).Since it has given breakout a good upside is expected and if it   crosses 60.95 and stays then it can hit the level of 61.74 & 61.81 chances of which are looking very bright. However the level of 61.81 will pose a very stiff resistance and if it crosses this point and stays then a good rise can be expected .The recent bottom is at 60.33 & 60.19 and these points will act as good support .One can take long call on dip .

REMARKS:-The short and medium term trend is up, therefore I suggest to take long call on dip with an adequate stop loss.DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade