USD INR (APR– Expiry)
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 55.1200 with a SL 55.2700 possible targets of 54.8500/54.7000/54.5500.
EUR INR (APR – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.1300 with a SL 71.2300 possible targets of 71.0175/70.9025/70.7800.
OR
Buy above 71.2300 with a SL 71.1300 possible targets of 71.3500/71.4700/71.5900.
Currency Headlines
Australian and New Zealand dollar advances on BOJ monetary easing.
Australian & New Zealand dollar is hovering near four year high on Bank of Japan’s further monetary easing program. The Australian dollar declined 0.2 percent to 100.36 yen as of 4:26 p.m. in Sydney after touching 101.13, the highest since August 2008. The kiwi fell 0.2 percent to 80.99 yen, after reaching 81.61, the strongest since July 2008. The Aussie slipped 0.2 percent to $1.0419 and is little changed this week. The New Zealand dollar slid 0.2 percent to 84.09 U.S. cents and has gained 0.5 percent since March 29.
US dollar is looking weak on charts hence selling is recommended in USD.
Sell around 55.1200 with a SL 55.2700 possible targets of 54.8500/54.7000/54.5500.
EUR INR (APR – Expiry)
Euro might fall further as technically looking weak.
Sell below 71.1300 with a SL 71.2300 possible targets of 71.0175/70.9025/70.7800.
OR
Buy above 71.2300 with a SL 71.1300 possible targets of 71.3500/71.4700/71.5900.
Currency Headlines
Australian and New Zealand dollar advances on BOJ monetary easing.
Australian & New Zealand dollar is hovering near four year high on Bank of Japan’s further monetary easing program. The Australian dollar declined 0.2 percent to 100.36 yen as of 4:26 p.m. in Sydney after touching 101.13, the highest since August 2008. The kiwi fell 0.2 percent to 80.99 yen, after reaching 81.61, the strongest since July 2008. The Aussie slipped 0.2 percent to $1.0419 and is little changed this week. The New Zealand dollar slid 0.2 percent to 84.09 U.S. cents and has gained 0.5 percent since March 29.
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