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USD/INR

The bond yields heading higher, helped the Dollar open on a strong note. in the early Asian hours the Dollar index was hovering around the 102 mark. There were a lot of pull and push factors, which kept the USDINR pair in a tight range throughout the session. On the daily chart we that the pair managed to hold on to the 82.00 mark. As of now the pair is finding resistance near the 200 Day Exponential Moving average which is placed near the 82.15. The RSI plotted on the daily chart can be seen attempting to move higher after forming a bullish hinge near the oversold zone, indicating presence of bullish momentum in the pair. On the downside the pair seems to be finding buying interest near the 81.80- 82.00 zone. On the upside the 200 Day EMA placed around the 82.15 is acting as a resistance. In the sessions to come we expect the pair to consolidate between the 81.80 and the 82.30 zone.

EUR/INR

The market mood was the major driver for the Euro on Tuesday, Midday the mood and the sentiment of the traders toppled and shifted more towards the riskier assets pushing currencies like the EURO higher. After a negative open the EURINR pair attracted buying interest near the 89.67 zone and engulfed the previous session candle. The pair continues to sustain above the its 20 and 50 day moving averages. The RSI plotted on the daily chart can be seen continuous to hover around the overbought level, indicating presence of bullish momentum in the pair. Going by the price action the pair seems to be attracting buying interest near the 89.70 zone. This level could act as a support level in the sessions to come. On the upside the immediate resistance is paced near the 90.30, if the pair manages to breach above that level, we might see the pair head higher towards the 90.50 zone.

JPY/INR

The bond Yields moving higher pushed the USDJPY well above the 134 mark. Which resulted in the JPYINR opening with a gap down. On the daily chart we can see that the JPYINR pair witnessed some buying interest near the 61.00 mark and move higher towards the end 61.30 as we headed towards the end of the session. The pair is placed below both the 20 and the 50 day moving averages. The RSI plotted on the daily chart can be seen moving lower towards the oversold zone, indicating presence of bearish momentum in the pair. The 61.00 is a very crucial level for the JPYINR pair, if we see a breach below this level, we might see further downside towards the 60.80 zone. On the upside the immediate resistance is placed near the 61.50- 61.70 zone.

GBP/INR

The market mood was the dominant factor driving the GBPINR pair. The Jobs data, showed that the unemployment increased an the cost of labor too increased. The GBPINR found buying interest near the 20 day EMA and the rallied above the 102 mark during the day. As of now it pair is placed above all its major moving averages. The RSI plotted on the daily chart can be seen inching higher, indicating increasing momentum in the pair. In the sessions to come we might see the pair find support near the 101.50 zone. On the upside we might see the resistance come in near the 102.30-102.40 zone

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