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Home » Rupee opens flat amid uncertainty in the market | Today’s currency update
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Rupee opens flat amid uncertainty in the market | Today’s currency update

Currency update

26th March 2020


Today’s currency update 

Rupee opened flat against US Dollars amidst the ongoing slowdown in the global market due to the outbreak of Coronavirus throughout the world. A lockdown will be observed in India till 14th April as a preventive measure for the spread of the Virus.

 

Technical outlook: (April 2020)

Dollar Index

The dollar index has its support at 100.50 and resistance is seen at 101.10.

Break and sustain above 101.10 will take it to 101.60—102.00 levels or else it can touch its support level of 100.50 again.

Fresh selling can be done below 100.50.

Trade with levels only

 

JPYINR

Support is 69.00 Resistance is 69.60.

Break and sustain below 69.00 will take it to 68.50—68.00 levels else could touch its resistance level of 69.60 mark.

Fresh buying can be done on a close above 69.60.

Trade with levels only

EURINR

Support 82.90 Resistance is 83.60

Break and sustain above 83.60 will take it to 84.10—84.60 levels else could touch its support level of 82.90 mark.

Fresh selling can be done on a close below 82.90.

Trade with levels only

 

USDINR

Support is 76.70 Resistance is 77.20.

Break and sustain below 76.70 will take it to 76.20—75.80 levels else could touch its resistance level of 77.20 mark.

Fresh buying can be seen only above 77.20.

Trade with levels only

GBPINR

Support is 90.30 Resistance is 91.30.

Break and sustain above 91.30 will take it to 92.00—92.80 levels else could touch its support level of 90.30 mark.

Fresh selling can be done on a close below 90.30.

 

EURUSD

It has major support at 1.0850 and resistance is 1.0920.

Break and sustain above 1.0920 will take it up to 1.0980—1.1050 levels or else it can touch its support level of 1.0850 again.

Fresh selling can be done on a close below 1.0850.

Trade with levels only

 

 

Read our previous day major currency update here.

 


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