The USDINR broke all its important support - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* MUFG targets USD/JPY to 133 in Q2 and as low as 127 in Q4
* PBOC is expected to set the USD/CNY reference rate at 6.8932 – Reuters estimate
* 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 support in the previous trading session; however, 81.80 is an immediate support level, and on the upside, 82.40 acts as a resistance. If it moves above 82.40, it can lead some upside momentum towards 82.80, while if it slips below 81.80, it may head towards the 81.50-81.65 zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
