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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* USD/CHF stays depressed around mid-0.9300s ahead of Swiss GDP

* AUD/JPY kisses 92.00 on better-than-anticipated Australian Retail Sales

* PBOC is expected to set the USD/CNY reference rate at 6.9515 – Reuters estimate

CHART OF THE DAY

OUTLOOK

JPYINR: It is trading in a narrow range and next move will be seen after the range breakout , however 60.23 is immediate support level and on the upside 61.88 act as a resistance , where move above 61.88 it can lead some upside momentum towards 62.65 while if it slips below 60.23 it may head towards 59.70-60.00 zone.

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