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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.

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March 25 21:45 UTC Released

NZTrade Balance YY

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-6.62 Bln NZ

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-6.36 Bln NZ

March 25 21:45 UTC Released

NZTrade - Exports

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4.82 Bln NZ

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4.4 Bln NZ

January 31 00:00 UTC 603591603591m

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January 31 00:00 UTC 603591603591m

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January 22 19:00 UTC 615411615411m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 603591603591m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 615411615411m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 603591603591m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 603591603591m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 603591603591m

ARAnnual Primary Balance*

Actual

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2016 bln ARS

Previous

Bln AR bln ARS

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