USDINR is breaks is consolidation in downside but takes support on its 50dma - Swastika Investmart
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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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
