Currency Levels (14th January 2020)
14/1/2020

Currency Levels (14th January 2020)

Share:

Rupee opened on a positive note against the US Dollar in the early morning due to positive sentiments in the market as US and China are about to sign the Phase 1 of their trade deal tomorrow. Foreign Institutional Investors allegedly bought stocks worth of Rs 68.24 on Monday. The US 10- year bond is trading at 6.60 percent.


 Technical outlook: (January 2020)


Dollar Index

Dollar index has its support at 97.20 and resistance is seen at 97.60.

Break and sustain below 97.20 will take it to 96.80---96.40 levels or else it can touch its resistance level of 97.60 again.

Fresh buying can be done only on a close above 97.60

Trade with levels only


USDINR

Support is 70.80 Resistance is 71.10.

Break and sustain below 70.80 will take it to 70.50---70.20 mark else could touch its resistance level of 71.10 mark.

Sell it on rise!

Trade with levels only



TO KNOW MORE FOR CURRENCY LEVELS


Password protected premium levels on JPYINR, GBPINR, EURINR and EURUSD, only for our subscribers.


Share:

Tags:

Join our WhatsApp broadcast list
I agree terms and conditions.