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Home » Rising number of Coronavirus cases capping the gains in the market. Major currency pairs technical levels for today.
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Rising number of Coronavirus cases capping the gains in the market. Major currency pairs technical levels for today.

Dollar Rupee

 

Major Currency Pairs Update

Easing crude oil prices and foreign fund inflows supported the rupee, while strong US dollar and rising coronavirus cases weighed on investor sentiments capped gains. Foreign institutional investors were net buyers in the capital market as they bought shares worth ₹1,766.90 crores on Wednesday, according to provisional exchange data. (Source: Livemint)

 

 

Technical Outlook for today (June 2020)

 

USDINR

Support is 75.50 Resistance is 75.80.

Break and close above 75.80 will take it to 76.10—76.40 levels else could touch its support level of 75.50 levels.

We can go for fresh buying in USDINR only on a close above 75.50

Trade with levels only.

 

Dollar Index

DX has its major support at 97.20 and resistance is seen at 97.60.

A break and close below 97.20 will see a downside move till 96.80 —96.40 in the days to come.

We can go for fresh buying on a close above 97.60.

Trade with levels only.

 

EURINR

It has its major support at 84.90 and resistance is seen at 85.40

Break and close above 85.40 will see an upside move till 85.80—86.20 levels in the days to come.

We can go for fresh selling on a close below 84.90.

Trade with levels only.

 

EURUSD

EURUSD is trading near its support level, it may bounce back from here onwards.

It has major support at 1.11650 and the immediate resistance is seen at 1.12350.

Break and sustain above 1.12350 will take it to 1.12900—1.13500 levels or else it can touch its support level of 1.11650 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.

A break and close above 0.64670 will see an upside move till 0.65300—-0.65900.

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

Trade with levels only.

 

GBPUSD

GBPUSD is moving in a tight range.

Immediate resistance at 1.24650 and major support at 1.23850

If it will manage to break and sustain above its resistance level, then we can see 1.25300—1.26100 levels soon.

We can go for fresh selling only on a close below 1.23850.

Trade with levels only.

 

Click here to read our previous Major Currency pairs update.

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