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GBPINR is respecting its important support of 95 however 96.1 is an immediate and critical resistance zone - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* AUD/USD rebounds from key support towards 0.6400 despite softer China PMI
* NZD/USD rebounds from 0.5800, downside still solid on Fed-infused volatility, US NFP eyed
* USD/CNY fix: 7.2472 vs. last close 7.2890
Chart of the day:
GBPINR: GBPINR is respecting its important support of 95 however 96.1 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 97.5 zone. On the downside 94 is an immediate support zone while 93.1-93.20 is the next support zone.
Technical View:
* The mixed move can be seen in the currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
