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Rupee opens weak against dollar weighed down positive US manufacturing data

Rupee

 

Rupee opens weak on Thursday against the dollar weighed down positive US manufacturing data. Now investors looking forward towards to see if the ECB will follow the US Federal Reserve in shifting its policy towards inflation, as it reviews its monetary policy next week.

 

Technical outlook of Rupee and other Major pairs update

 

USDINR

Support is 73.20 and Resistance is 73.60.

Break and sustain above 73.60 will take it to 74.00—74.20 or else it could test its support again

Fresh selling will do below 73.20.

Trade with levels only.

 

Dollar Index

DX has its major support at 92.60 and resistance is seen at 93.10.

Break and sustain above 93.10 will see upside move till 93.60—93.80 levels or else it could test its support again.

Fresh selling will do below 92.60.

Trade with levels only.

 

EURINR

It has its major support at 86.70 and resistance is seen at 87.20

Break and sustain below 86.70 will take it to 86.20—86.00 levels or else it could test its resistance again.

Fresh buying will do above 87.20 levels.

Trade with levels only.

 

GBPINR

Support at 97.65 and resistance at 98.00.

Break and sustain below 97.60 will take it to 97.20—97.00 levels or else it could test its resistance again.

Fresh buying will do above 98.00 levels.

Trade with the levels only.

 

JPYINR

It has its major support at 68.95 and resistance is seen at 69.30.

Break and sustain above 69.30 will take it to 69.70—70.00 levels or else it could test it support again.

Fresh selling will do above 68.95 levels.

Trade with the levels only.

Read our weekly update on major currency pairs. Click here!


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