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FxWirePro: Indian rupee falls unexpectedly against U.S. dollar, stay bullish

  • USD/INR is currently trading around 64.12 marks.
     
  • It made intraday high at 64.16 and low at 63.90 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 63.87 mark.
     
  • Key resistances are seen at 64.12, 64.28, 64.40 and 64.58 marks respectively.
     
  • On the other side, initial supports are seen at 63.87, 63.70, 63.48, 63.38, 63.27, 63.18, 63.10, 62.84, 62.67, 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 0.70 percent lower at 10,941.70 points and BSE Sensex was trading at 0.63 percent lower 35,625.78 points.

We prefer to take long position in USD/INR around 64.07, stop loss at 63.87 and target of 64.40.

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August 17 14:30 UTC Released

USECRI Weekly Annualized

Actual

0.3 %

Forecast

Previous

0.6 %

August 17 14:30 UTC Released

USECRI Weekly Index

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147.4 %

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147.8 %

January 31 00:00 UTC 287505287505m

ARAnnual Primary Balance*

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2016 bln ARS

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January 22 19:00 UTC 299325299325m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 287505287505m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 299325299325m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 287505287505m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 287505287505m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 287505287505m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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