USDINR has been consolidating in the 80.50-81.50 band for many days - Swastika Investmart
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* Gold Price Forecast: XAUUSD bears are moving in at a key resistance
* USDCAD juggles below 1.3300 ahead of Canada Inflation, oil recovers firmly
* USDJPY rebound from 139.00 as risk profile turns sour amid Russia-Poland tensions
CHART OF THE DAY
OUTLOOK:
USDINR: USDINR has been consolidating in the 80.50-81.50 band for many days, but there are no signs of weakness. If it takes out the 81.50 level, then we can expect a move towards the 81.8-82.0 level. While, if it slips below the 80.50 level, then 80.20 is the next support levels.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
