Dollar holds gains, yuan under pressure as Evergrande risks grow - Swastika Investmart
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News in headlines:
Dollar holds gains, yuan under pressure as Evergrande risks grow
Evergrande nerves weigh on offshore yuan, dollar edges up on safety bid
Currencies: Investor worries about Evergrande keep pressure on China’s yuan in offshore trade
Chart of the day:
EURINR: EURING given close below support level of 86.50 around 86.39 with bearish candle, where 86.60- 86.70 is an immediate resistance levels, on the downside 86.30 is an intraday immediate support level, while below 86.30 lead further weakness toward 86-85.80 levels.
Technical View:
The mixed move can be seen in currency
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
