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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* China PMIs beat expectations, supporting AUD/USD into resistance

* USD/CHF senses resistance near 0.9140 as USD Index resumes south-side journey

* GBP/USD renews two-month high near 1.2400, UK GDP, Fed’s favorite inflation in focus

CHART OF THE DAY

OUTLOOK

USDINR: The USDINR has been consolidating in a narrow range in recent day, and the next move will be seen after the range breakout ; however, 82.60 is an immediate resistance level, and on the downside, 82.10 acts as a support. If it moves above 82.60, it can lead some upside momentum towards 82.90, while if it slips below 82.10, it may head towards the 81.60-81.80 zone.

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