Quick Update on USDINR 12-08-2013

Above is daily chart of USDINR Future august contract (1$= Rs.60.67)  , An expanding triangular formation is in progress as of now which is targeting USDINR to 58.70/58.50 level . Below 60.44 bears will have upper hand .
        Reason behind this Gain in INR is due to RBI intervention in Bond Market on fundamental basis & technically a short term halt is needed for next big move in INR. One may be cautious at this level.It might test upper level of 63 , above 61.50 it can test 62.52/62.86 level.
      Lets see which level it test first UP or Down.????????