GBPINR formed a large-bodied bullish candle on the daily - Swastika Investmart Ltd
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* Dollar holds firm on hawkish Fed bets, Aussie on back foot before RBA
* New Zealand forecast - "The RBNZ will induce a recession", NZD/USD to 0.55
* EUR/JPY struggles around 143.50 ahead of Japan’s GDP and ECB Lagarde’s speech
CHART OF THE DAY
OUTLOOK:
GBPINR: GBPINR formed a large-bodied bullish candle on the daily charts after a gapup opening, however 99.25 is a immediate support level , while 100.50 is resistance zone. if it takes out the 100.50 level, then we can expect a move towards the 100.80-101.00 level, While if it slips below 99.25 level, then 98.80-99.00 is the next support levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
