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Home » Currency market trading in a range owing to uncertainties regarding Coronavirus.
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Currency market trading in a range owing to uncertainties regarding Coronavirus.

Currency

 

 

Technical outlook of Major Currency Pairs

USDINR

Support is 74.50 Resistance is 74.90.

Break and close above 74.90 will take it to 75.30—75.70 levels else could touch its support level of 74.50 levels.

We can go for fresh selling on a close below 74.50.

Trade with levels only.

Dollar Index

DX has its major support at 93.80 and resistance is seen at 94.20.

A break and close below 93.80 will see a downside move till 93.40 —93.00 in the days to come.

Sell it on rise!

Trade with levels only.

JPYINR

It has its major support at 70.80 and resistance is seen at 71.10.

Break and close above 71.10 will see an upside move till 71.40—71.70 levels in the days to come.

Buy it on dips!

Trade with levels only.

EURUSD

EURUSD looks positive on the chart.

It has major support at 1.17100 and the immediate resistance is seen at 1.17850.

Break and sustain above 1.17850 will take it to 1.18500—1.19400 levels or else it can touch its support level of 1.17100 again.

Buy it on dips!

Trade with levels only.

USDCAD

USDCAD bounced back from the bottom.

It has its support at 1.33300 and the resistance is seen at 1.34050

A break and close above its resistance level will see an upside move till 1.34700—-1.35200.

Fresh selling can be seen on a close below 1.33300.

Trade with levels only.

EURJPY

EURJPY took support after a minor correction

It has its major support at 123.650 and the major resistance is seen at 124.300.

If it will manage to break and sustain above its resistance level, then we can see 125.100—125.700 levels soon.

Buy it on dips!

Trade with levels only.

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