USDINR is consolidating in small range in recent days, further move can be seen after the range breakout - Swastika Investmart
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* GBP/USD steadies around 1.2030 as firmer yields battle with UK’s Covid optimism
* AUD/JPY breaks above 90.00 as BOJ favors continuation of easy policy
* PBOC sets USD/CNY reference rate at 6.9681 vs. 6.9546 previous
CHART OF THE DAY
OUTLOOK:
USDINR: USDINR is consolidating in small range in recent days , further move can be seen after the range breakout , however 82.50 is immediate support level and on the upside 83.2 act as a resistance, where move above 83.2 it can lead some upside momentum towards 83.40 while if it slips below 82.50 it may head towards 82.0-82.20 zone
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
