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Major currency pairs technical outlook for the day.

Major Currency Pairs

 

Major Currency Pairs Update

Technical Outlook: (July 2020)

 

USDINR

Support is 74.70 Resistance is 75.10.

Break and close above 75.10 will take it to 75.50—75.80 levels else could touch its support level of 74.90 levels.

We can go for fresh selling in USDINR on a close below 74.70.

Trade with levels only

Dollar Index

DX has its major support at 95.60 and resistance is seen at 95.90.

A break and close below 95.60 will see a downside move till 95.30 —95.00 in the days to come.

We can go for fresh buying on a close above 95.90.

Trade with levels only

 

GBPINR

It has its major support at 94.20 and resistance is seen at 94.90.

Break and close above 94.90 will see an upside move till 95.40—95.90 levels in the days to come.

Buy it on dips!

Trade with levels only

 

EURUSD

EURUSD took a slight correction from the top.

Immediate resistance at 1.14700 and major support at 1.14050

Break and sustain below 1.14050 will take it to 1.13500—1.13100 levels or else it can touch its resistance level of 1.14700 again.

We can go for fresh buying only on a close above 1.14700.

Trade with levels only

 

AUZNZD

AUDNZD is about to break its major resistance level of 1.06900 and looks positive on the chart.

It has its support at 1.06500.

A break and close above its resistance level will see an upside move till 1.07500—-1.07950.

Fresh selling can be seen on a close below 1.06500.

Trade with levels only.

 

GBPJPY

GBPJPY looks positive on the chart.

Immediate resistance at 136.000 while major support at 135.250

If it will manage to break and sustain above its resistance level, then we can see 136.700—137.200 levels soon.

Buy it on dips!

Trade with levels only.

 

Trade can trade safely in the currency pairs with given levels. More will update soon!

 

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