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Home » Foreign fund inflows supporting the Rupee. Major Currency pairs technical levels.
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Foreign fund inflows supporting the Rupee. Major Currency pairs technical levels.

Major Currency

Major Currency Pairs Update

 

Oil prices fell for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading countries to resume partial lockdowns that could hurt fuel demand. Foreign Fund inflow is supporting the domestic currency from the bottom levels. (Source: Money Control)

 

Technical outlook for today (July 2020)

 

USDINR

Support is 75.50 Resistance is 75.90.

Break and close above 75.90 will take it to 76.30—76.70 levels else could touch its support level of 75.50 levels.

We can go for fresh selling only on a close below 75.50.

Trade with levels only.

 

Dollar Index

DX has its major support at 97.10 and resistance is seen at 97.55.

A break and close below 97.10 will see a downside move till 96.70 —96.30 in the days to come.

We can go for fresh buying on a close above 97.55.

Trade with levels only.

 

JPYINR

It has its major support at 70.60 and resistance is seen at 71.00

Break and close above 71.00 will see an upside move till 71.40—71.80 levels in the days to come.

We can go for fresh selling on a close below 70.60.

Trade with levels only.

 

EURUSD

EURUSD is trading near its support level, it seems that it is bouncing back from the support.

It has major support at 1.11900 and the immediate resistance is seen at 1.12500.

Break and sustain above 1.12500 will take it to 1.13100—1.13700 levels or else it can touch its support level of 1.11900 again.

Buy it on dips!

Trade with levels only.

 

NZDUSD

NZDUSD is trading near its support level

Major resistance at 0.64670 and support at 0.63950.

We can go for fresh selling only on close below 0.63950.

Trade with levels only.

 

AUDUSD

AUDUSD is moving in a tight range.

Immediate resistance at 0.68950 and major support at 0.68400

If it will manage to break and sustain above its resistance level, then we can see 0.69450—0.69800 levels soon.

We can go for fresh selling only on a close below 0.68400.

Trade with levels only.

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