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Home » Sino-US trade deal assurance boosted investor’s sentiments.
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Sino-US trade deal assurance boosted investor’s sentiments.

Rupee and other major currency pairs

 

Global risk sentiment improved after US President Donald Trump’s assurance on China deal, which strengthened the Rupee in the previous trading session. Firm equity markets, foreign fund inflows and broad weakness in the greenback also supported the domestic unit. (Source: Livemint)

 

Technical outlook of Major Currency pairs (June 2020)

 

 

USDINR

Support is 75.50 Resistance is 75.80.

Break and close above 75.80 will take it to 76.10—76.40 levels else could touch its support level of 75.50 levels.

We can go for fresh buying only on a close above 75.50

Trade with levels only.

 

Dollar Index

DX has its major support at 96.35 and resistance is seen at 96.75.

A break and close below 96.35 will see a downside move till 95.90 —95.50 in the days to come.

We can go for fresh buying on a close below 96.75.

Trade with levels only.

 

GBPINR

It has its major support at 94.00 and resistance is seen at 94.75

Break and close above 94.75 will see an upside move till 95.40—95.90 levels in the days to come.

We can go for fresh selling on a close below 94.00.

Trade with levels only.

 

EURUSD

EURUSD looks positive on the chart.

It has major support at 1.12800 and the immediate resistance is seen at 1.13500.

Break and sustain above 1.13500 will take it to 1.14100—1.14600 levels or else it can touch its support level of 1.12800 again.

Buy it on dips!

Trade with levels only.

 

GBPJPY

GBPJPY is trading in a range.

It has its support at 132.600 and the major resistance is seen at 134.000.

A break and close below 132.600 will see a downside move till 131.300—-130.700.

We can go for fresh buying only on close above 134.00.

Trade with levels only.

 

USDJPY

USDJPY was unable to break its resistance level of 107.300 and crashed.

It has its major support at 106.000 and the immediate resistance is seen at 106.650.

If it will manage to break and sustain above its resistance level, then we can see 107.200—107.700 levels soon.

We can go for fresh selling only on a close below 106.600.

Trade with levels only.

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