USDINR is traded near to its 100 DMA, but 82.20-82.30 - Swastika Investmart
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CURRENCY OUTLOOK
DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE:
* Dollar loses steam after jobless claims data; Kuroda takes centre stage in Asia
* Dollar dips as jobless claims rise more than expected
* Bank of Canada and Fed head for historic divergence, in a blow to loonie
CHART OF THE DAY:
OUTLOOK:
USDINR: USDINR is traded near to its 100 DMA, but 82.20-82.30 is an immediate and critical resistance zone; above this, we can expect a short-covering rally towards the 82.45-82.60 zone. On the downside, 81.80 is an immediate support zone, while 81.50 is the next support zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
