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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* Dollar licks wounds after jobs shock; Aussie dips as inflation cools

* Dollar drops on jobs data, yen rises from 10-month low

* Dollar index dips, briefly hits 9-month high against yen

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR is respecting its 200 DAM beautifully; however, 83.00 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 83.10-83.20 zone. On the downside, 82.70 is an immediate support zone, while 82.60–82.50 is the next support zone

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