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Home » RBI intervention halt in Rupee’s positive march. Major Currency pairs technical levels for today.
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RBI intervention halt in Rupee’s positive march. Major Currency pairs technical levels for today.

Dollar Rupee

 

The Reserve Bank of India is believed to have intervened in the forex market on Monday to buy nearly a billion dollars and arrest the surging rupee new found strength on the back of inflows into Jio Platforms, a subsidiary of Reliance Industries, India’s biggest conglomerate. (Source: ET)

 

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

 

USDINR

Support is 74.60 Resistance is 75.00.

Break and close below 74.60 will take it to 74.20—73.80 levels else could touch its resistance level of 75.00 levels.

We can go for fresh buying on a close above 75.00.

Trade with levels only.

 

Dollar Index

DX has resistance at 96.90 and major support at 96.50.

Break and close below 96.50 will see a downside move till 96.10 —95.70 in the days to come.

Sell it on rise!

Trade with levels only.

 

GBPINR

Resistance at 93.80 and major support at 93.10

Break and close above 93.80 will see an upside move till 94.50—95.10 levels in the days to come.

We can go for fresh selling on a close below 93.10.

Trade with levels only.

 

EURUSD

EURUSD bounced back from its support.

It has major support at 1.12800 and the immediate resistance is seen at 1.13550.

Break and sustain above 1.13550 it will take it to 1.14400—1.14900 levels or else it can touch its support level of 1.12800 again.

Buy it on dips!

Trade with levels only.

 

GBPJPY

GBPJPY is looking positive on the chart.

Support at 133.950 and the immediate resistance at 134.700.

Break and close above 134.700 will see an upside move till 135.600—-136.100.

Buy it on dips!

Trade with levels only.

 

AUDNZD

AUDNZD looks weak on the chart.

It has its major support at 1.06065 and the immediate resistance is seen at 1.06700.

If it will manage to break and sustain below its support level, then we can see 1.05400—1.04900 levels soon.

Sell it on the rise!

Trade with levels only.

 

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