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
