Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Indian rupee falls noticeably against U.S. dollar,good to buy on dips

  • USD/INR is currently trading around 71.32marks.
     
  • It made intraday high at 71.37 and low at 70.96 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 70.70 mark.
     
  • Key resistances are seen at 71.37, 71.75, 72.02, 72.32 and 72.47 marks respectively.
     
  • On the other side, initial supports are seen at 70.96, 70.70, 70.49, 70.23, 69.82, 69.60 and 69.35 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • India’s NSE Nifty was trading around 0.70 percent lower at 10,672.58 points while BSE Sensex was trading 0.60 points lower at 35,672.92 points.

We prefer to take long position on USD/INR around 71.20, stop loss at 70.95 and target of 71.37/71.75.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 22 08:30 UTC Released

ZMBenchmark Interest Rate

Actual

10.25 %

Forecast

Previous

9.75 %

May 22 08:30 UTC Released

GBCPI NSA

Actual

107.6 Index

Forecast

Previous

107 Index

January 31 00:00 UTC 686085686085m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 686085686085m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 697905697905m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 686085686085m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 697905697905m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 686085686085m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 686085686085m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 686085686085m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.