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DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* EUR/USD licks its wounds below 1.0500 ahead of Eurozone GDP

* USD/JPY is leading the dollar lower (sort of)

* USD/CAD bulls brace for BOC’s interest rate hike amid downbeat oil prices, firmer US Dollar

CHART OF THE DAY

OUTLOOK:

USDINR: USDINR breaks a horizontal resistance of 82.50 and managed to close above it which can lead further upside ,however 82.30 is a immediate support level , while 82.70 is resistance zone. if it takes out the 82.70 level, then we can expect a move towards the 83.00-83.20level, While if it slips below 82.30 level, then 81.90-82.00 is the next support levels.

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