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CURRENCY OUTLOOK

DAILY CURRENCY MARKET

UPDATES NEWS IN HEADLINE:

* Chinese yuan nears 7 level as post-COVID economic rebound cools

* Dollar on pace for biggest weekly rise since February

* Dollar slips lower, sterling gains after first quarter growth data

CHART OF THE DAY:

OUTLOOK:

USDINR: USDINR showing and outperforming for the last three trading sessions where 82.35 is an immediate resistance zone above this, we can expect a short covering rally towards 82.45-82.55 zone. On the downside 82.00 immediate support level while 81.90 will be the next important support level.

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