Tuesday, May 24, 2016

25.May.2016 - INDIAN CURRENCY INTRADAY SUPPORT RESISTANCE LEVELS

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USDINR ( 27-May-16 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 67.92 / 68.00 / 68.13 . And the lower side , it has Strong Support @ 67.78 downside, it may tank to near support Levels such as 67.70 / 67.57 / 67.49 . Currently USDINR is Trading @ 67.83 

EURINR ( 27-May-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 75.68 / 75.50 / 75.29 . And the upperside, it has Strong Resistance @ 75.89 upperside, it may test Resistance Levels such as 76.07 / 76.28 / 76.46 . Currently EURINR is Trading @ 75.86

GBPINR ( 27-May-16 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 99.37 / 99.71 / 100.39 . And the lower side , it has Strong Support @ 98.69 downside, it may tank to near support Levels such as 98.35 / 97.67 / 97.33 . Currently GBPINR is Trading @ 99.03

JPYINR ( 27-May-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 61.69 / 61.54 / 61.35 . And the upperside, it has Strong Resistance @ 61.88 upperside, it may test Resistance Levels such as 62.04 / 62.23 / 62.38 . Currently JPYINR is Trading @ 61.85