Reports

 

  • Technically, USDINR has strong support at 66.70 & Resistance at 68.70 levels. It’s advised to initiate long positions in all the dips if it breaks 68.55 levels or else go short with a final SL at 69.90 levels.
  • Dollar traded lower against Rupee by 1.67 percent and ended at 67.51 levels. It traded in range between 67.20 & 69.13 levels.
  • Rupee was higher by 1.7 percent against Dollar after suspected heavy dollar selling by RBI.
  • Technically, EURINR has strong support at 87.90 & Resistance at 90.40 levels. It’s advised to initiate long positions in all the dips if it breaks 88.90 levels or else go short with a final SL at 91.90 levels.
  • EUR traded lower against Rupee by 1.64 percent and ended at 88.86 levels. The pair traded in a range between 88.48 & 90.95 levels.
  • EUR was lower against Dollar by 0.03 percent as expectations that the Fed will soon start tapering its asset purchase program.
  • Technically, GBPINR has strong support at 104.20 & Resistance at 106.90 levels. It’s advised to initiate long positions in all the dips with a final SL at 103.10 levels.
  • GBP traded lower by 1.42 percent and ended at 105.25 levels. The pair traded in arrange between 104.73 & 107.48 levels.
  • Pound was higher against Dollar by 0.40 percent after the data showed that activity in the U.K services sector expanded at the fastest rate.
  • Technically, JPYINR has strong support at 67.00 & Resistance at 69.10 levels. It’s advised to initiate short positions at all highs until it breaks 67.90 levels or else go long with a finals SL at 66.20.
  • JPY traded lower against by 1.72 percent and end at 67.83 levels. The pair traded in the range between 67.43 & 69.49 levels.
  • Yen was lower against the Dollar by 0.22 percent after upbeat U.S manufacturing data reinforced expectations to the U.S economy.

 

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