Sunday, December 25, 2016

USDINR TECHNICAL OUTLOOK : 26.12.2016

USDINR TECHNICAL OUTLOOK : 26.12.2016
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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USDINR, the pair after opening at 67.92 and made a low of 67.75 and saw some side wise action in the pair after buying from the lower levels few days back the pair broke above the range of 67.75-67.95 and few days back and again back to range and is likely to trade with in the range for the day.

Fundamental Overview

US dollar index is trading at 102.95, remaining largely unchanged as the US markets shut mid day on Friday on the eve of Christmas. The US markets remain closed today and half a day on Friday and the calendar remain light for the entire week. Expect range bound trading for the entire week with minimal changes.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
All day Holiday
12:00:00 USD Investing.com Gold Index 64.10%
12:00:00 USD Investing.com S&P 500 Index 29.70%