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FxWirePro: USD/INR back below 72.00 mark, further sideways movement likely

  • USD/INR is currently trading around 71.96 marks.
     
  • It made intraday high at 72.47 and low at 71.89 marks.
     
  • Intraday bias remains slightly bearish for the moment.
     
  • Key resistances are seen at 72.47,72.86, 73.27 and 73.70 marks respectively.
     
  • On the other side, initial supports are seen at 71.87, 71.12, 70.57, 70.27, 69.87, 69.66, 69.34, 69.02, 68.65 and 68.15 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • India’s NSE Nifty was trading around 1.12 percent lower at 10,373.58 points while BSE Sensex was trading 1.20 points lower at 34,567.55 points.

We prefer to take long position on USD/INR around 71.50, stop loss at 71.12 and target of 72.47.

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January 21 03:00 UTC Released

THBased Trade Data

Actual

1.06 1.76

Forecast

-1.1 1.76

Previous

-1.18 1.76

January 21 03:00 UTC Released

THBased Import Data

Actual

-8.15 13.7

Forecast

3.87 13.7

Previous

14.66 13.7

January 31 00:00 UTC 511564511564m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 511564511564m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 523384523384m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 511564511564m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 523384523384m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 511564511564m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 511564511564m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 511564511564m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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