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Home » Rupee slips on rising COVID-19 cases. Major Currency pairs technical levels.
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Rupee slips on rising COVID-19 cases. Major Currency pairs technical levels.

Rupee

 

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

 

 

USDINR

Support is 74.90 Resistance is 75.30.

Break and close above 75.30 will take it to 75.70—76.00 levels else could touch its support level of 74.90 levels.

Buy it on dips!

Trade with levels only.

 

Dollar Index

DX has its major support at 96.70 and resistance is seen at 97.20.

A break and close below 96.70 will see a downside move till 96.20 —95.70 in the days to come.

We can go for fresh buying on a close above 97.20.

Trade with levels only.

 

EURINR

It has its major support at 84.40 and resistance is seen at 84.90.

Break and close above 84.90 will see an upside move till 85.40—85.70 levels in the days to come.

We can go for fresh selling on a close below 84.40.

Trade with levels only.

 

EURUSD

EURUSD bounced back from its support.

It has major support at 1.12550 and the immediate resistance is seen at 1.13070.

Break and sustain above 1.13070 it will take it to 1.13600—1.13900 levels or else it can touch its support level of 1.12550 again.

Buy it on dips!

Trade with levels only.

 

EURGBP

EURGBP is looking weak on the chart.

Immediate resistance at 0.90200 and support at 0.89600.

A break and close below its support will see a downside move till 0.89100—-0.88700.

Sell it on the rise!

Trade with levels only.

 

AUDNZD

AUDNZD looks continuously weak on the chart.

Immediate resistance at 1.06300 and major support at 1.05850

If it will manage to break and sustain below its support level, then we can see 1.05200—1.04800 levels soon.

Sell it on the rise!

Trade with levels only.

Read our previous Major Currency pairs update. Click here! 

 

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