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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* EUR/USD bulls are tiring ahead of ECB and after US CPI

* NZD/USD looks comfortable above 0.6200 amid softer US Dollar

* AUD/USD, coiled and it gives us plenty of risk events this week, including the RBA

CHART OF THE DAY

OUTLOOK

USDINR: The USDINR broke all its important resistance in the previous trading session; however, 82.80 is an immediate resistance level, and on the downside, 82.30 acts as a support. If it moves above 82.80, it can lead some upside momentum towards 83.10, while if it slips below 82.30, it may head towards the 81.80-81.95 zone.

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