A TECHNICAL UPDATE ON DOLLAR—vs---RUPEE-30.3.2026

 

DOLLAR—vs---RUPEE

Open—94.31--High---94.97---Low—93.70--Close---94.61 on 27.3.2026. 

All-Time High:-94.97 made on 27.3.2026.

Recent Low:-87.58 made on 16.10.2025. 

Support:92.67/92.46/92.28/91.88/91.67/91.93/91.14/90.87/90.65/90.47/90.34/89.98/89.82/89.70/89.65/89.20/88.92/8891/88.41/88.31/88.10/88.04/87.58/87.54/87.13/86.91/86.79/86.75/86.45/86.29/86.14/85.39/85.18/85.01/84.99/84.77/54.60/84.32/83.72.---- 

Resistance: 94.97/95.03/95.94/96.12/96.32/99.59/102.02/105.20.

It is in the strong long term uptrend and the overall technical setup looks good for the continuation of the up-move as of now. But moving down it has critical support points at 93.80---93.23---92.66---92.32---91.52----91.14---90.02---89.97(some figure may change at times). Please note that break and sustained close below 93.80 may trigger correction and break below each point thereafter make it deeper, however as long as it holds the range of 91.14---90.02---89.97on the closing basis the chances of up-move will be alive in the year—2026. But break & sustained close below 91.14 will be an alert sign for going down and finally break & sustained close below 89.97 may witness an accelerated fall. 

Similarly moving up its important resistance points could be at 94.97---95.03----95.94---96.12---96.32, it may correct at any of these points and then may resume the up-move again or halt the on-going move for a while, so watch-out. 

NOTE: - It is a technical assessment as of now, the technical interpretation changes with the price movement and time; therefore it has to be reviewed at regular intervals.

Disclaimer:- I am not a SEBI registered technical analyst. The view expressed here are solely of the author and purely for the academic and educational purpose. This is in no way a trading or investment advice.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL UPDATE ON DOLLAR—vs---RUPEE-12.1.2026

 

DOLLAR—vs---RUPEE

Open—89.89--High---90.42---Low—89.87--Close---90.28 on 9.1.2026. 

All-Time High:-91.14 made on 17.12.2025.

Recent Low:-87.58 made on 16.10.2025. 

Support:89.98/89.82/89.70/89.65/89.20/88.92/8891/88.41/88.31/88.10/88.04/87.58/87.54/87.13/86.91/86.79/86.75/86.45/86.29/86.14/85.39/85.18/85.01/84.99/84.77/54.60/84.32/83.72.---- 

Resistance:90.34/90.47/90.65/90.87/91.14/91.67/91.88/92.34/94.28/97.42. 

(Bold and underlined figures are most important). 

It is in the strong long term uptrend now and the overall technical setup looks good for the continuation. But it is already into correction mode now and at present its important support points are at 89.98/.97---89.73---89.66---89.39 (some figure may change). But please note that break & sustained close below 89.98/.97 will be an alert sign and may dampen the chances of up-move and may head down further. It is important to mention here that to keep the hope alive for a continued up-move in the year--2026 it has to sustain above 89.98/.97 on the closing basis; else it may start to drift down. Break & sustained close below the range of 89.73---89.66---89.39 will push it into deeper correction mode and can drag it down further. Moving down its broad support points could be at 89.05---88.94---88.42---88.16---87.58---87.43---86.59---86.37---85.47---85.18(figures may change) (for in between support points, see the support table on the upside) it may bounce back from any of these points but break & sustained close below 85.18 can drag it down to 83.72 levels or lower, which may please be noted. 

Similarly moving up the important resistance points are at 90.30---90.50---90.75---91.14, please note that if it moves above the range of 90.30---90.50---90.75 and sustain on the closing basis then it will get out of corrective mode and may resume the up-move and may retest its all-time high of 91.14 or may go beyond it also and if it moves above 91.14 and sustain on the closing basis then the broad upside target or resistance points could be 91.67—91.88—92.34---94.28---97.42, please note that it could correct at any of these points and then may resume the up-move again or halt the up-move for a while and move sideways in a range for some time and then decide further direction. It is important to mention here that to keep the strong up-momentum going in the year-2026 it has to sustain above 91.14 on the closing basis, else it may signal weakness. It is in the strong long term uptrend now, so the bias is strongly up as of now. 

IMPORTANT NOTE: - THE TECHNICAL SETUP LOOKS GOOD AS OF NOW FOR THE CONTINUATION OF THE UP-MOVE AND IT IS IN THE STRONG LONG TERM UPTREND. BUT, FEW IMPORTANT TECHNICAL INDICATORS SPEAKS OTHERWISE ON THE DAILY, WEEKLY& MONTHLY CHART AND IT MAY GET INTO DEEPER CORRECTION IN COMING TIMES, THEREFORE IT IS SUGGESTED TO BE ALERT, WATCHFUL AND CAUTIOUS IN THE LONG  TRADE. PLEASE DO NOT TRADE OR INVEST WITHOUT STOP LOSS. 

NOTE: - It is a technical assessment as of now, the technical interpretation changes with the price movement and time; therefore it has to be reviewed at regular intervals.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is purely for educational purpose only. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS. 

Note: Price stated here are of spot market. 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL VIEW ON DOLLAR—Vs—RUPEE—1.10.2023

 

DOLLAR—Vs—RUPEE 

Dollar   closed at Rs. 83.22 on 29-9-2023. 

SUPPORT:82.41/82.38/81.76/81.66/81.61/81.54/81.07/81/80.88/80.35/79.31/78.89. 

RESISTANCE:83.33/83.40/83.67/83.96/84.06/84.14/84.47/84.64/84.80/84.88/85.19/85.39/85.86/87.54/88.15/88.94/91. 

TECHNICAL   OBSERVATION :- 

It has been consolidating and moving in a range of 80.35---84.06 since 11.11.2022 for almost 11 months now and breakout on either side will decide the further directional move. The technical setup looks o.k. as of now and since it is hovering near the upper band of the mentioned range for quite some time, therefore there is a good chance that it may give an upside breakout in coming days/week and months. So, watch out for breakout or one can trade the range now. The bias is bullish as of now. 

IMPORTANT:-Please note that technical observation is a regular process and interpretation changes with time and price movement, so one has to review it at regular interval.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here are of spot market. 

Contact me for strategic guidance to enter and exit trade.

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

Dollar – Vs –Rupee (A TECHNICAL VIEW)—24-9-2021

 

Dollar – Vs –Rupee 

Dollar   closed at Rs. 73.84 on 23-9-2021. 

SUPPORT: -73.54/73.48/73.42/73.32/72.90/72.80/72.71/72.33/72.27/72.25. 

RESISTANCE:74/74.17/74.49/74.60/74.80/74.90/75.03/75.29/75.50/75.95/76.22/76.48/77.42/77.45. 

TECHNICAL   OBSERVATION :-

The technical setup is weak now and it will take time to improve. At present it is moving in a range of 72.25---73.40---73.48---74.50 and breakout from the either side will decide further price action. Please note that break below 73.40 will put the long term uptrend in potential danger and break below 72.25 may accelerate the fall similarly sustained breakout above 74.50 will strengthen it for the up move. Moving up its critical resistance point would be at 75.10---75.65---76.21---76.41 and sustained break above 76.41 on the closing basis could take it near its all-time high of 77.45 or may go beyond also. 

 REMARKS: - In view of the above, it is likely to move sideways as of now; therefore it is suggested to avoid trade till breakout happens or one may trade the range now. 

IMPORTANT:-Please note that technical observation is a regular process and interpretation changes with time and price movement, so one has to review it at regular interval.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here are of spot market. 

Contact me for strategic guidance to enter and exit trade.

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

Dollar – Vs –Rupee A TECHNICAL VIEW)—21.4.2021

 

Dollar – Vs –Rupee

 Dollar   closed at Rs.75.44 on 20.4.2021. 

SUPPORT:75.05/74.98/74.86/74.52/74.43/7429/74.16/73.97/73.64/73.39/73.14/72.95/72.80/72.71/72.29---72.25. 

RESISTANCE: 75.51/75.78/76.34/76.8/77.34/77.42/77.45/77.75/78.35/79.30. 

TECHNICAL   OBSERVATION :- 

It is  bullish on the chart but weekly chart will pose some hurdles at the higher levels and the critical resistance points moving up would be at 75.51---75.78---76.22---76.41, please note that sustained close above 75.78 will make sure that it could rise further and if it could move above 76.41 and sustain on the closing basis then it could retest its all time-high of 77.45 or may go beyond to the level up to 77.75---78.35---79.30, chances of retesting its all time-high is pretty bright at this point of time. The overall technical setup is good as of now and long term bias is on the upside as long as it holds the range of 73.95---73.25(these figure can change) levels. Please note that sustained break below 73.25 on the closing basis can potentially threaten the uptrend.

Remarks:-- The long term trend is bullish now, it is suggested to structure your trade with the help of support ,resistance other critical points mentioned above. The bias is positive as of now.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

                                       Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

Dollar – Vs –Rupee (A TECHNICAL VIEW)—7-10-2018

Dollar – Vs –Rupee

Dollar   closed at Rs.73.76 on 5-10-2018

SUPPORT: -73.74/72.98/72.39/71.75/71.52.

RESISTANCE: - 74.24/74.97/75.50/76.97/77.84.

TECHNICAL   OBSERVATION :-

It is highly bullish on the technical chart and scaling new highs every other day, but it is in overbought territory now and may correct anytime therefore be vigilant in long trade. In correction as long as it holds 72.98 & 72.39 it may not see deep correction, but break below 72.39 may take it down to 71.75 & 71.52 and sustained break below 71.52 may drag it down faster to 68.89—68.80 levels.The trend is clearly up therefore long trade is suggested on every dip but not below 72.39. If it holds 73.74 now it could hit 74.97 & 75.50 on the upside in coming weeks.  

REMARKS:-The long term trend is up; therefore it is suggested to take long call on dip.

Kindly note that make your cost your stop loss in favourable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Dollar – Vs –Rupee A Technical Update-10-4-2016

Dollar – Vs –Rupee

Dollar   closed at Rs.66.54 on 8-4-2016

SUPPORT: -66.24/66.19/66.01/65.93/65.84/65.55/65.31/64.68/64.62.

RESISTANCE: - 66.81/66.94/67.17/67.53/68.35/68.71/68.80/68.89..

TECHNICAL   OBSERVATION :-

It was technically good when I last wrote about it on 18-1-2016 and as expected it moved up and surpassed its all time high of 68.80 and made a new high of 68.89 on 25-2-2016 but failed to hit my perceived high of 71.25. It went into correction after making new high and now it seems that down correction may be over and it may be consolidating here before making its next move but looking at the overall technical setup it is giving mixed indication as of now and it could move either way in coming days. In this regard please note that the broad range for it is now between 67.17—65.84 and its most crucial points for the year 2016 are 66.19 & 67.17. Since it is moving within its range now try buying at the lower end of the range but not below 66.19 and book profit near the upper end of the range 67.17. After the breakout on the either side one can go in for aggressive trade position as the case may be. Please note that long call should not be attempted below 66.19 and all long call should be exited below 65.84. If it moves and sustain below 65.85 short call can also be tried with a stop loss of above 66.25.  

REMARKS:-The long term trend is up; but since it is range bound now one can trade long at the lower end and book profit at the higher end of the range as mentioned above but do not attempt short call as of now. Please avoid long call below 66.19 for sure.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Dollar – Vs –Rupee A Technical Update-18-1-2016

Dollar – Vs –Rupee

Dollar   closed at Rs.67.76 on 15-1-2016

SUPPORT: -67.17/66.19/65.93/65.84/65.55/65.31/64.68/64.62.

RESISTANCE: - 67.95/68.60/68.80/69.18/71.19.

TECHNICAL   OBSERVATION :-

The technical chart is nicely placed and showing good strength which is indicative of reasonable to significant rise ahead in coming days provided it hold it’s most important level of 67.17 & 66.19 these are the benchmark points for it for the entire year of 2016. Therefore it is suggested that the existing long position should be held and fresh long position can be added- on dip but not below 67.17 and one should get alerted if it breaks 67.17 and exit long trade if it sustains below 66.19. Going up it will face stiff resistance from its all time high of 68.80 which it made on 4-9-2013, but once this level is crossed and held then it is very likely to hit 71.25 mark, chances of which looks good at this point of time. It will get good support in the range of 65.93—64.62.

 REMARKS:-The long term trend is up, therefore it is suggested to take long call on dip but not below 67.17 with the above mentioned stop loss.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

DOLLAR – Vs –RUPEE---AN UPDATE---27-9-2015

Dollar – Vs –Rupee

 Closed at Rs.66.15 on 25-9-2015.

SUPPORT:-65.85 / 65.55 / 65.24 / 65.05 / 64.38 / 63.88 / 63.64 / 63.24.

RESISTANCE:-66.37 / 66.90 / 67.72 / 68.80 / 71.25.

TECHNICAL   OBSERVATION :-

It looks good and bullish on the technical chart. After making multiple tops in the range of 66.89--66.90 recently it corrected and  now consolidating ,but if it breaks 66.03 mark on closing basis and sustain then it will show some weakness and correct further and break below 65.55 & 65.20 will show potential weakness and if it sustain below it then it may come down to 64.38 / 63.88 level,chances of coming down to these levels looks bleak at this point of time , anyway be alert and remain watchful here , similarly moving up it will face resistance at 66.37 / 66.51 & 66.90 and once if it crosses and sustain 66.90 mark then it may zoom to test its previous all time high of 68.80 very fast. It hangs in balance now therefore watch out the price movement for immediate direction and act accordingly. It is needless to mention here that the long term trend is up.

 REMARKS:-The long term trend is up and it will only be threatened if it breaks below 64.20(it changes every day) and the trend will be in real danger if it breaks below 63.30(it changes every day) and sustain and happening this looks a distant possibility now.   

 Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

  

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

DOLLAR $ UP-MOVE MAY CONTINUE---A TECHNICAL VIEW----11-5-2015

Dollar – Vs –Rupee

Dollar Closed at Rs.63.70 on 8-5-2015.

SUPPORT:-63.30 / 63.17 / 63 / 62.49 / 62.12 / 61.92 / 61.70 / 61.64 / 61.25 / 60.89 / 60.64.

RESISTANCE:-63.90 /64.28 / 65.50 / 68.60 / 68.80.

TECHNICAL   OBSERVATION :-

It is looking good on the technical chart. It  gave an up-side breakout from the top of 63.90 on 7-5-15 and now consolidating .so if it crosses this mark again and sustain then it is expected to reach 65.50 level but journey up to this level would be very tough as it is having series of resistance in the range of 64.30—65.50, but once it crosses this range and sustain then it may surely make a fast attempt to test its all time high of 68.80, chances of which are looking pretty bright as of now. Please note that it has a very strong support at 63.30 / 63 therefore  get alerted if it break these level because then correction may set in which can drag it down to 62.50 .I would like to mention here that its most critical support range is between 62.46—61.79(it changes every day) and break below this range will put its uptrend in real danger, chances of happening this looks remote at this point of time. I would therefore suggest to try long call on dip but above 63 or above 63.90 with a stop loss of below 62.46 & 63.50. The bias is clearly on the upside now.

Kindly note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

 REMARKS:-The  trend is up, therefore  long call can be tried as suggested above.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.

DOLLAR $ LOOKING GOOD FOR FURTHER UP-MOVE-14-12-14

Dollar – Vs –Rupee

Dollar   closed at Rs.62.51 on 12-12-14

SUPPORT :-61.81 / 61.65 / 61 / 60.89 / 60.64.

RESISTANCE:- 62.55 / 63.08 / 63.32 / 63.90 / 64.54.

TECHNICAL   OBSERVATION :-

The technical chart is nicely placed and showing good strength which is indicative of reasonable to significant rise ahead in coming days, therefore long position should be held and fresh position can be added- on dip but one should get alerted if it breaks 61.70 and exit long trade if it close below 61.50, chances of hitting these levels looks slim at this point of time. Going up it will face good resistance in the range of 64.20—65.35.It will get good support in the range of 61.77—61.65.I therefore suggest to adopt buy on dip strategy as of now.   

REMARKS:-The long term trend is up, therefore I suggest to take long call on dip.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market

Contact me for strategic guidance to enter and exit the trade

Dollar-Technical Overview--4-11-14

Dollar – Vs –Rupee

Dollar   closed at Rs.61.39 on 31-10-14

SUPPORT :-61 / 60.89 / 60.72 / 60.64 / 60.19.

RESISTANCE:- 61.55 / 61.81 / 61.95 / 62.55 / 63.03 / 63.32 / 63.90

TECHNICAL   OBSERVATION :-

The technical chart is showing good strength as it is above all its short term and long term moving averages on the daily and weekly chart. At present the short  range for it for the month on November-14 is between 61.95---60.89 and it is expected to oscillate within it  and break on either side will decide which way it will move ,as of now it seems that it is expected to give up -side breakout in coming days. The broad range for it is between 61.95—60.45 and breakout below 60.45 will indicate potential weakness in it, chances of which are looking slim at this point of time. Therefore as of now I suggest to adopt buy on dip strategy  with a stop loss of below 60.89.Going up it will face very tough resistance at 61.81 & 61.95 level.

REMARKS:-The long term trend is up therefore I suggest buy on dip with a stop loss of below 60.89.

Contact me for strategic guidance to enter and exit the trade

$ 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

Dollar-Technical Overview For The Month Of July-2014

                                                                  Dollar – Vs –Rupee

Dollar   closed at Rs. 59.72 on 4-7-14

Range for the week ended on 4-7-14 was:-Rs.60.26—59.52

SUPPORT :- 59.52 / 59.36 / 58.97 / 58.82 / 58.25

RESISTANCE:- 60.26 / 60.38 / 60.53 / 61.19 / 61.55 / 61.81 / 62.44.

TECHNICAL   OBSERVATION :-

The dollar is still   below   its major moving averages on the daily  chart which are in the range of 60.16—61.37 and on the weekly chart strong average support range is 57.12—56.10.It is also making lower top and bottom on the line and bar chart ,furthermore negative  divergence re-surfaced on the chart indicating that it may break the level of 59.28 in days to come, since it is below its major moving averages  therefore the divergence  may come into play, the chart pattern suggest that it can. The strong support for  the week starting from-7-7-14 to 11-7-14 exist at 59.52 and for the month of July-14  at 58.97,avoid long trade  if it closes below 59.52  and below 58.97 do not think of long trade because then the next potential support area would be in the range of 58.25 / 57.12 & 56.10. The chart is showing weakness therefore until and unless it crosses 60.26 and then 60.53 mark nothing significant can happen on the up side. The range for the month of July-14 is  60.53  --58.97 and break on either side of the range will decide the trend. It is expected to move in the range with a downward bias in the month of July-14.

REMARKS:-The short and medium term trend is down , the technical parameters suggest weakness , therefore avoid long trade .I expect the dollar to weaken further from here.

Contact me for strategic guidance to enter and exit the trade