USDINR is respecting its important support of 82.45 however 83.15 - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Japan spent record $42.8 billion in October interventions to prop up yen
* U.S. dollar rises as Fed likely doing another big hike; sterling sinks
* Russian rouble stable after Moscow ditches Black Sea grain deal
Chart of the day:
USDINR: USDINR is respecting its important support of 82.45 however 83.15 is an immediate and critical resistance zone, above this, we can expect a short covering rally towards the 83.25-83.40 zone. On the downside 82.65 is an immediate support zone while 82.45-82.35 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
