USDINR formed a large bullish candle on daily chart which opens the door for higher levels - Swastika Investmart
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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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
