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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* AUD/JPY corrects from 92.00 as RBA sees inflation softening ahead

* Chatter persists that the PBOC may move on yuan valuation

* EUR/GBP sustains above 0.8800 ahead of Eurozone Inflation, ECB-BoE policy remains a key event

CHART OF THE DAY

OUTLOOK:

USDINR: USDINR formed a large bullish candle on daily chart which opens the door for higher levels , however 81.80 is immediate support level and on the upside 82.20 act as a resistance, where move above 82.20 it can lead some upside momentum towards 82.50 while if it slips below 81.80 it may head towards 81.40-81.60 zone.

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