USDINR TECHNICAL OUTLOOK : 10.01.2017

USDINR TECHNICAL OUTLOOK : 10.01.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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USDINR, the pair after opening at 68.20 and made a low of 68.20 and saw buying after a side activity in the pair, the pair is trading in the broader range of 67.70-68.40 and likely to trade in the range for some time, for today expected range 67.96-67.25(spot)

Fundamental Overview

US dollar index is trading at 101.86, consolidating against the majors for lack of any market moving data yesterday. treasury yields were the key compass for the US dollar as they dropped in yesterday's session. There is no major data from the US markets until Friday and the current trend of dollar consolidation could be intact.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:30 USD JOLTs Job Openings (Nov) 5.555M 5.534M