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Home » The currency market is trading flat amid mixed sentiments. Technical view on major currency pairs.
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The currency market is trading flat amid mixed sentiments. Technical view on major currency pairs.

Currency Pairs

 

Technical outlook of Major Currency pairs (July 2020)

 

USDINR

Support is 75.10 Resistance is 75.50.

Break and close above 75.50 will take it to 75.90—76.20 levels else could touch its support level of 75.10 levels.

Buy it on dips!

Trade with levels only.

 

Dollar Index

DX has its major support at 96.40 and resistance is seen at 96.70.

A break and close below 96.40 will see a downside move till 96.10 —95.80 in the days to come.

Sell it on rise!

Trade with levels only.

 

EURINR

It has its major support at 85.00 and resistance is seen at 85.40.

Break and close above 85.40 will see an upside move till 85.80—86.20 levels in the days to come.

Buy it on dips!

Trade with levels only.

 

EURUSD

EURUSD bounced back from its support.

Immediate resistance is at 1.13300 and major support at 1.12900.

Break and sustain above 1.13300 it will take it to 1.13750—1.14100 levels or else it can touch its support level of 1.12900 again.

We can go for fresh selling on a close below 1.12900

Trade with levels only.

 

NZDUSD

NZDUSD is in a positive trend.

Immediate resistance is at 0.66000 and major support at 0.65450

A break and close below its support will see a downside move till 0.65200—-0.64700.

Fresh buying can be seen on a close above 0.66000

Trade with levels only.

 

GBPJPY

GBPJPY bounced back after a correction recently.

Immediate resistance at 135.40 and major support at 134.250

If it will manage to break and sustain above its resistance level, then we can see 136.500—137.300 levels soon.

We can go for fresh selling below 134.250.

Trade with levels only.

Read our previous Major Currency pairs update. Click here!

 

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