USDINR given fresh breakout above 83.00 and given close around 83.12 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* US dollar rises on global growth worries; Aussie down
* Dollar rises close to three-month highs after weak Chinese data
* Dollar eases as risk appetite improves on China's measures
OUTLOOK:
USDINR: USDINR given fresh breakout above 83.00 and given close around 83.12, however, 83.25-30 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 83.40-83.50 zone. On the downside, 82.90 is an immediate support zone, while is 82.80 the next support zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
