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FxWirePro: USD/INR exhibits range bound movement, further sideways movement likely

  • USD/INR is currently trading around 69.50 marks.
     
  • It made intraday high at 69.61 and low at 69.37 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 69.37 mark.
     
  • Key resistances are seen at 69.85, 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.
  • On the other side, initial supports are seen at 39.37, 69.22, 68.92, 68.49, 67.88 and 67.67 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 was trading 0.25 pct higher at 11,827.55 points and BSE Sensex was trading 0.30 pct higher at 39,557.79 points.

We prefer to take short position on USD/INR only below 69.37, stop loss 69.70 and target of 69.02.

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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 765987765987m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 765987765987m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777807777807m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 765987765987m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777807777807m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 765987765987m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 765987765987m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 765987765987m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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