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Home » Sustained foreign fund inflow, supporting Rupee. Major Currency pairs technical levels update.
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Sustained foreign fund inflow, supporting Rupee. Major Currency pairs technical levels update.

Rupee Currency

The rupee is appreciated by sustained foreign fund inflow and positive equity market. However, the rising number of COVIS-19 cases and rising prices of Crude oil is still capping the gains in. Foreign institutional investors were net buyers in the capital market, as they bought equity shares worth Rs 1,237 crore in the previous trading session on Friday, according to provisional exchange data. (Source: HT). Read major currency pairs technical levels update.

 

Rupee and other Major Currency Pairs technical levels for today (June 2020)

 

USDINR

Support is 75.80 Resistance is 76.10.

Break and close below 75.80 will take it to 75.50—75.20 levels else could touch its resistance level of 76.10 levels.

We can go for fresh buying only on a close above 76.10

Trade with levels only.

 

Dollar Index

DX has major resistance at 97.30 while support is at 96.80

A break and close below 96.80 will see a downside move till 96.40—96.00 in the days to come.

We can go for fresh buying on a close below 97.30.

Trade with levels only.

 

JPYINR

It has its major support at 70.70 and resistance is seen at 71.10

Break and close above 71.10 will see an upside move till 71.50—71.80 levels in the days to come.

We can go for fresh selling on a close below 70.70.

Trade with levels only.

 

EURUSD

EURUSD took a U-turn from the bottom after a heavy correction.

It has major support at 1.12000 and the immediate resistance is seen at 1.12800.

Break and sustain above 1.12800 will take it to 1.13500—1.14100 levels or else it can touch its support level of 1.12000 again.

Buy it on dips!

Trade with levels only.

 

GBPUSD

GBPUSD bounced back sharply after a correction.

Major resistance at 1.25100 and support at 1.24200.

A break and close below 1.24200 will see a downside move till 1.23300—-1.22700.

We can go for fresh buying only on close above 1.125100.

Trade with levels only.

 

USDJPY

USDJPY bounced back sharply.

Major resistance at 107.300 and major support at 106.650.

If it will manage to break and sustain above its resistance level, then we can see 107.950—108.400 levels soon.

We can go for fresh selling only on a close below 106.650.

Trade with levels only.

 

Click here to read our previous Major Currency Pairs update.

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