USDINR formed a hammer candle with large shadow due to recovering from lower levels - Swastika Investmart
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* China’s Liu: Will continue with policy stimulus and generally stable yuan
* Gold Price Forecast: XAU/USD prepares for US NFP with a step back to $1,800
* GBP/USD retreats from five-month top towards 1.2200 as Cable traders await US NFP
CHART OF THE DAY
OUTLOOK
USDINR: USDINR formed a hammer candle with large shadow due to recovering from lower levels, however 81.00 is a immediate support while 81.60 is resistance zone. If it takes out the 81.60 level, then we can expect a move towards the 81.80-82.00 level, While if it slips below 81.00 level, then 80.60-80.80 is the next support levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
