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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* Dollar has peaked but set for last hurrah as markets underpricing Fed tightening

* AUDUSD extends above 50% of the 2022 trading range

* Asia FX rallies on China reopening, yuan at over 4-mth high

CHART OF THE DAY

OUTLOOK:

USDINR: USDINR is breaks is consolidation in downside but takes support on its 50dma , however 82.20 is immediate support level and on the upside 82.70 act as a resistance, where move above 82.70 it can lead some upside momentum towards 83.0 while if it slips below 82.20 it may head towards 81.80-82.00 zone.

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