USDINR is respecting its 50 SAM 82.30 beautifully however 82.65 is an immediate and critical resistance zone -Swastika Investmart
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CURRENCY OUTLOOK
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* China's yuan may slip further to aid economic recovery - analysts
* Goldman Sachs sees Turkish lira slip to 28.00 versus dollar in 12 months
* Dollar jumps after surprise boost in May payrolls
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR is respecting its 50 SAM 82.30 beautifully however 82.65 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 82.75-82.85 zone. On the downside 82.30 is an immediate support zone while 82.20 is the next support zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
