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FxWirePro: Indian rupee erases previous gain against U.S. dollar, stay bearish only below 63.32 mark

  • USD/INR is currently trading around 63.42 marks.
     
  • It made intraday high at 63.50 and low at 63.35 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 63.32 mark.
     
  • Key resistances are seen at 63.70, 63.96, 64.07, 64.15, 64.27, 64.48, 64.67, 64.78, 64.87, 64.95, 65.12 and 65.28 marks respectively.
     
  • On the other side, initial supports are seen at 63.32, 63.12, 62.48 and 61.96 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
     
  • India’s NSE Nifty was trading around 0.23 percent higher at 10,466.70 points and BSE Sensex was trading at 0.31 percent higher 33,916.06 points.

We prefer to take short position in USD/INR only below 63.32, stop loss at 63.70 and target of 63.12/62.48.

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June 25 00:00 UTC Released

PHBudget Balance

Actual

-32.9 -8.6

Forecast

Previous

June 25 00:00 UTC Released

SGConsumer Price Index YY

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0.4 0.6

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0.3 0.6

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January 31 00:00 UTC 209278209278m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 209278209278m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 221098221098m

ARTrade Balance

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Previous

-1541 %

January 31 00:00 UTC 209278209278m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 221098221098m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 209278209278m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 209278209278m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 209278209278m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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