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Home » Forex Update – Technical levels of USDINR and other Major Currency Pairs.
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Forex Update – Technical levels of USDINR and other Major Currency Pairs.

Forex Update


Forex Update for today

Major currency levels update is now international Forex update, you will be getting levels for domestic as well as international currency pairs from today onwards.

Technical outlook of Major Currency pair (June 2020)

USDINR

Support is 75.50 Resistance is 76.10.

Break and close above 76.10 will take it to 76.60—77.00 levels else could touch its support level of 75.50 levels.

Buy on dips!

Trade with levels only.

 

Dollar Index

DX has its major support at 98.30 and resistance is seen at 98.60.

A break and close below 98.30 will see a continuation in its bearish trend till 97.90—97.60 in the days to come.

The trend remains sell on rise. Do not jump to buy it yet!

Trade with levels only.

 

JPYINR

This currency pair is trading in a range at the bottom levels.

Support is 70.30 Resistance is 70.70.

Break and sustain above 70.70 will take it to 71.00—71.30 levels or it will come down to touch its support level of 70.30.

Buy it on dips!

Trade with levels only.

 

EURUSD

EURUSD looks extremely positive on the chart. It has its immediate resistance at 1.1090

It has major support at 1.1030.

Break and sustain above 1.1090 will take it to 1.1150—1.1190 levels or else it can touch its support level of 1.1030 again.

Buy it on dips!

Trade with levels only.

 

GBPUSD

GBPUSD seems like gearing up for a rally.

It has its major resistance at 1.23430 and support is seen at 1.22750.

If it will manage to sustain above 1.23430, we can expect an upside move in it till 1.24200—1.24650 levels in the coming days.

The major trend is to buy on dips!

Trade with levels only.

 

USDJPY

This pair looks weak on the chart as Dollar is trading in a negative trend.

It just broke its major support level of 107.300, one can sell it on rise for a target of 106.750—106.270 in the coming days.

The major resistance is seen at 107.900.

Trade with levels only.

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