Dollar licks wounds after jobs shock; Aussie dips as inflation cools - Swastika Investmart Ltd
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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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)