USDINR is respecting its important support of 82.35 however 82.95 is an immediate and critical resistance zone - Swastika Investmart
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News in headlines:
* Euro sinks more than 1% after ECB rate hike, U.S. GDP data
* Britain proposes regulation of all crypto assets
* Global FX trading hits record $7.5 turn a day - BIS survey
Chart of the day:
USDINR: USDINR is respecting its important support of 82.35 however 82.95 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 83.10-83.25 zone. On the downside 4800 82.45 is an immediate support zone while 82.35 is the next support zone.
Technical View:
* The mixed move can be seen in the currency.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
