GBPINR is facing a resistance at the higher levels - Swastika Investmart
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* USD/CNH drops below 6.9500 on higher-than-anticipated China Inflation
* Gold Price Forecast: XAU/USD accelerates above $1,790 as spotlight shifts to US inflation
* AUD/USD bulls ignore challenges to sentiment, mixed China data to poke 0.6800 amid softer US Dollar
CHART OF THE DAY
OUTLOOK:
GBPINR: GBPINR is facing a resistance at the higher levels , however 100.00 is immediate support level and on the upside 100.80 act as a resistance, where move above 100.80 it can lead some upside momentum towards 101.2- 101.4 while if it slips below 100.00 it may head towards 99.60-99.80 zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
