TECHNICAL Impact
USD INR (MAR– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD. Sell around 54.2500 with a SL 54.4200 possible targets of 54.0000/53.8800/53.7000.
EUR INR (MAR – Expiry)
Euro might fall further as technically looking weak. Sell below 70.5500 with a SL 70.6800 possible targets of 70.4275/70.3025/70.1500. OR Buy above 70.6800 with a SL 70.5500 possible targets of 70.9000/70.9925/71.1700.
Currency Headlines Australian dollar near five week high before RBA minutes. Australian dollar is hovering near five week high levels as the Reserve Bank of Australia will be releasing its meeting minutes which might give bullish signal to their economy. The Australian currency slipped 0.2 percent to $1.0367 in Sydney from yesterday, when it touched $1.0401, the highest since Feb. 6. It has climbed 1.3 percent this week, the biggest gain since the five days ended Sept. 14 and the best performance among the Group of 10 currencies. The New Zealand dollar slid 0.2 percent to 82.02 U.S. cents. For the week, the kiwi was poised to fall 0.2 percent. Australia’s three-year bond yield fell five basis points today, or 0.05 percentage point, to 3.10 percent. Yesterday it touched 3.18 percent, the highest since April 23. The 10-year yield fell six basis points to 3.62 percent from yesterday, when it touched 3.71 percent, the highest since April 26.
USD INR (MAR– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD. Sell around 54.2500 with a SL 54.4200 possible targets of 54.0000/53.8800/53.7000.
EUR INR (MAR – Expiry)
Euro might fall further as technically looking weak. Sell below 70.5500 with a SL 70.6800 possible targets of 70.4275/70.3025/70.1500. OR Buy above 70.6800 with a SL 70.5500 possible targets of 70.9000/70.9925/71.1700.
Currency Headlines Australian dollar near five week high before RBA minutes. Australian dollar is hovering near five week high levels as the Reserve Bank of Australia will be releasing its meeting minutes which might give bullish signal to their economy. The Australian currency slipped 0.2 percent to $1.0367 in Sydney from yesterday, when it touched $1.0401, the highest since Feb. 6. It has climbed 1.3 percent this week, the biggest gain since the five days ended Sept. 14 and the best performance among the Group of 10 currencies. The New Zealand dollar slid 0.2 percent to 82.02 U.S. cents. For the week, the kiwi was poised to fall 0.2 percent. Australia’s three-year bond yield fell five basis points today, or 0.05 percentage point, to 3.10 percent. Yesterday it touched 3.18 percent, the highest since April 23. The 10-year yield fell six basis points to 3.62 percent from yesterday, when it touched 3.71 percent, the highest since April 26.
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