USDINR is witnessing a pullback from the important support zone of 81.70 - Swastika Investmart
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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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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