GBPINR takes a support from its 100-SMA and formed - Swastika Investmart
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* Gold dips as dollar firms; focus on Fed cues; Spot gold hits $1,744.83 per ounce
* NZD/JPY soars to near 87.40 as RBNZ hikes its OCR by 75 bps
* USD/CNY fix: 7.1281vs. the last close of 7.1410
CHART OF THE DAY
OUTLOOK:
GBPINR: GBPINR takes a support from its 100-SMA and formed a small-bodied bullish candle on the daily charts after a gapup opening, however 96.50 is a immediate support while 97.20 is resistance zone. if it takes out the 97.20 level, then we can expect a move towards the 97.50-97.70 level, While if it slips below 96.50 level, then 96.0-96.20 is the next support levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
