The USDINR yesterday witnessed sharp selling pressure from resistance of 83.00 - 82.90 levels - Swastika Investmart
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NEWS IN HEADLINE:
* Dollar eyes gains as jobs data could force rethink of game of chicken against fed
* Japan PM Kishida urges faster wage hikes to avoid stagflation
* Dollar edges higher after Fed minutes; weekly jobless claims to come
CHART OF THE DAY:
OUTLOOK:
The USDINR yesterday witnessed sharp selling pressure from resistance of 83.00–82.90 levels, on the upside, it has an immediate resistance of 82.80, on the downside, below 82.5, and it may head toward 82.35–82.20 levels. Traders are advised to stay with the momentum with the "Sell on Rise" approach.
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