USDINR yesterday witnessing sharp selling pressure from resistance of 80.20-80.30 - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Dollar Edges Lower; Euro Recovery Gains Traction
* Chinese Yuan Edges Higher on Manufacturing PMI Beat, Asia FX Muted
* Dollar edges higher as oversized Fed rate hike bets rise
Chart of the day:
USDINR : USDINR yesterday witnessing sharp selling pressure from resistance of 80.20-80.30 levels, on the upside it has an immediate resistance of 80.00, on the downside below 79.65 it may head toward 79.5-79.35 levels. Traders are advised to stay with the momentum with the “Sell on rise” approach.
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
