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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* US dollar rises as strong data push against dovish policy narrative 

* Dollar edges lower, continuing the Fed-inspired weakness 

* Limited support for central bank digital currencies in global investment industry survey

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR is witnessing a pullback from the important support zone of 81.70 after a meaningful correction, now it is continuing its momentum above the 82.00 level due to dollar index strength buy on decline strategy. On the downside, I have good support around 81.80; on the upside, it has an immediate target level of 82.30-82.35, while above 82.40, it may test the 82.50 zone.

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