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Home » Rupee edged up due to fall in oil prices. Major Currency Pairs technical levels update.
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Rupee edged up due to fall in oil prices. Major Currency Pairs technical levels update.

Rupee and other major currency pairs

 

Indian rupee opened 8 paise higher at 74.94 per dollar on Monday against Friday’s close of 75.02, amid buying seen in the domestic equity market. Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. (Source: Money Control)

 

Technical outlook of Rupee and Major Currency Pairs (July 2020)

 

USDINR

Support is 74.90 Resistance is 75.20.

Break and close above 75.20 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 on a close below 74.90.

Trade with levels only.

 

Dollar Index

DX has its major support at 95.80 and resistance is seen at 96.20.

A break and close below 95.80 will see a downside move till 95.40 —95.00 in the days to come.

We can go for fresh buying on a close above 96.20.

Trade with levels only.

 

EURINR

It has its major support at 85.50 and resistance is seen at 85.90.

Break and close above 85.90 will see an upside move till 86.30—86.70 levels in the days to come.

Buy it on dips!

Trade with levels only.

 

EURUSD

EURUSD is trading in a range.

Immediate resistance at 1.14500 and major support at 1.14050

Break and sustain above 1.14500 it will take it to 1.15850—1.1610 levels or else it can touch its support level of 1.14050 again.

Buy it on dips!

Trade with levels only.

 

AUZNZD

AUDNZD seems to be taking hurdle near its resistance level.

Immediate resistance at 106900 while major support at 1.06500.

A break and close below its support will see a downside move till 1.06100—-1.05700.

Fresh buying can be seen on a close above 1.06900.

Trade with levels only.

 

EURJPY

EURJPY looks positive on the chart.

It has its major support at 122.100 and the immediate resistance is seen at 122.800.

If it will manage to break and sustain above its resistance level, then we can see 123.500—123.900 levels soon.

Buy it on dips!

Trade with levels only.

Read our yesterday’s Major Currency pairs update Click Here!

 

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