TECHNICAL Impact
USD INR (MAR– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD. Buy around 54.6000 with a SL 54.4500 possible targets of 54.8500/54.9800/55.1000.
EUR INR (MAR – Expiry)
Euro might fall further as technically looking weak. Sell below 70.6800 with a SL 70.7800 possible targets of 70.5500/70.4275/70.3025. OR Buy above 70.7800 with a SL 70.6800 possible targets of 70.9000/70.9925/71.1700.
Currency Headlines Australian dollar on good figures from Australian job market. Australian dollar recovers as the labor market has reported more than expected employment figures which has given a solid support to their currency. The number of people employed in Australia rose by 71,500 in February from the previous month, when it increased by a revised 13,100. The Australian dollar jumped 0.7 percent to $1.0367 in Sydney, after earlier touching $1.0383, the highest since Feb. 6. The Aussie gained 0.5 percent to 99.51 yen. It rose 0.8 percent to NZ$1.2683, the strongest since Dec. 28. The New Zealand dollar slid 0.1 percent to 81.76 U.S. cents from yesterday, when it touched 81.62, the lowest since Dec. 26. The currency, known as the kiwi, fell 0.2 percent to 78.47 yen.
USD INR (MAR– Expiry)
US dollar is looking strong on charts hence buying is recommended in USD. Buy around 54.6000 with a SL 54.4500 possible targets of 54.8500/54.9800/55.1000.
EUR INR (MAR – Expiry)
Euro might fall further as technically looking weak. Sell below 70.6800 with a SL 70.7800 possible targets of 70.5500/70.4275/70.3025. OR Buy above 70.7800 with a SL 70.6800 possible targets of 70.9000/70.9925/71.1700.
Currency Headlines Australian dollar on good figures from Australian job market. Australian dollar recovers as the labor market has reported more than expected employment figures which has given a solid support to their currency. The number of people employed in Australia rose by 71,500 in February from the previous month, when it increased by a revised 13,100. The Australian dollar jumped 0.7 percent to $1.0367 in Sydney, after earlier touching $1.0383, the highest since Feb. 6. The Aussie gained 0.5 percent to 99.51 yen. It rose 0.8 percent to NZ$1.2683, the strongest since Dec. 28. The New Zealand dollar slid 0.1 percent to 81.76 U.S. cents from yesterday, when it touched 81.62, the lowest since Dec. 26. The currency, known as the kiwi, fell 0.2 percent to 78.47 yen.
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