TECHNICAL Impact
USD INR (NOV– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 54.4000 with a SL 54.5500 possible targets of 54.1500/54.0500/53.9000.
EUR INR (NOV – Expiry)
Euro might fall further as technically looking weak.
Sell below 70.3500 with a SL 70.4500 possible targets of 70.2000/70.1075/70.0100.
OR
Buy above 70.4500 with a SL 70.3500 possible targets of 70.6000/70.7000/70.8200.
Currency Headlines
Asian currencies advance on Chinese economic optimism.
Asian currencies have got the support of the strengthening Chinese economy which has given support to the demand of the Asian assets. Chinese exports have picked up pace which is indicating recovery in Asian economies. The won appreciated 1.9 percent this month to 1,090.63. The Philippine peso climbed 1.2 percent to 41.215, China’s yuan rose 0.7 percent to 6.2434 and Malaysia’s ringgit advanced 0.3 percent to 3.0525. Thailand’s baht and Taiwan’s dollar appreciated 0.4 percent this month to 30.69 per dollar and NT$29.229, respectively. Indonesia’s rupiah slid 0.5 percent to 9,635, falling for a ninth straight month in the longest losing streak in at least two decades. Vietnam’s dong rose 0.2 percent to 20,845.
key TECHNICAL LEVELS Currency Expiry LTP S – 1 S – 2 R -1 R -2 USDINR 27-Nov 54.3475 54.4000 54.1500 54.0500 53.9000 54.5500 54.7500 54.8500 54.9900
EURINR 27-Nov70.3800/70.3500/70.2000/70.1075/70.0100/70.4500/70.6000/70.7000/70.8200
RBI REFERENCE RATE (30-10-12) CURRENCY US$ GB£ €URO ¥EN RATE 54.1650 86.8319 69.8495 68.2200
USD INR (NOV– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 54.4000 with a SL 54.5500 possible targets of 54.1500/54.0500/53.9000.
EUR INR (NOV – Expiry)
Euro might fall further as technically looking weak.
Sell below 70.3500 with a SL 70.4500 possible targets of 70.2000/70.1075/70.0100.
OR
Buy above 70.4500 with a SL 70.3500 possible targets of 70.6000/70.7000/70.8200.
Currency Headlines
Asian currencies advance on Chinese economic optimism.
Asian currencies have got the support of the strengthening Chinese economy which has given support to the demand of the Asian assets. Chinese exports have picked up pace which is indicating recovery in Asian economies. The won appreciated 1.9 percent this month to 1,090.63. The Philippine peso climbed 1.2 percent to 41.215, China’s yuan rose 0.7 percent to 6.2434 and Malaysia’s ringgit advanced 0.3 percent to 3.0525. Thailand’s baht and Taiwan’s dollar appreciated 0.4 percent this month to 30.69 per dollar and NT$29.229, respectively. Indonesia’s rupiah slid 0.5 percent to 9,635, falling for a ninth straight month in the longest losing streak in at least two decades. Vietnam’s dong rose 0.2 percent to 20,845.
key TECHNICAL LEVELS Currency Expiry LTP S – 1 S – 2 R -1 R -2 USDINR 27-Nov 54.3475 54.4000 54.1500 54.0500 53.9000 54.5500 54.7500 54.8500 54.9900
EURINR 27-Nov70.3800/70.3500/70.2000/70.1075/70.0100/70.4500/70.6000/70.7000/70.8200
RBI REFERENCE RATE (30-10-12) CURRENCY US$ GB£ €URO ¥EN RATE 54.1650 86.8319 69.8495 68.2200
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