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12-05-2022 09:33 AM | Source: Swastika Investmart Ltd
USDINR consolidating in the range of 82.00-81.00 - Swastika Investmart Ltd
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DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* NZD/USD capped on poor China Caixin Services PMI

* PBCC is expected to set the USD/CNY mid-rate at 7.0368 - Reuters estimate

* USD/JPY sees a downside to near 134.00 as investors await US Services PMI

CHART OF THE DAY

 

OUTLOOK:

USDINR: USDINR consolidating in the range of 82.00-81.00, however 81.00 is a immediate support while 82.00 is resistance zone. it takes out the 82.00 level, then we can expect a move towards the 82.20-82.40 level, While if it slips below 81.00 level, then 80.50 is the next support levels.

 

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