USDINR is respecting its 200 DAM beautifully however 82.15 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar gains before Fed meeting, jobs data
* Dollar edges higher, with all eyes on the Federal Reserve
* US dollar firms as inflation data backs Fed hike; yen plunges
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR is respecting its 200 DAM beautifully however 82.15 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 82.25-82.35 zone. On the downside 81.75 is an immediate support zone while 81.65-81.60 the next support zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)