USDINR TECHNICAL OUTLOOK : 28.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
Above is the Daily Chart of USDINR, the pair after opening at 66.88and made a high of 66.88 and had a side to weak session after a trending session day before, the pair could not surpass the strong resistance of 67.20 and had given a breakdown of consolidation of 66.95-67.20 (triangle ) few days back so its likely to face strong resistance near 67.00 mark but intraday will see some volatility in the pair
Fundamental Overview
US dollar index is trading at 95.46, appreciating marginally in yesterday’s trade and primarily against the Euro and Yen. Consumer confidence data that was reported yesterday was above expectations and the weakness in the EURO also added to the dollar strength. FED chair Yellen is scheduled to testify before the US house financial committee and could continue to display optimism about the US economy.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Core Durable Goods Orders (MoM) (Aug) -0.40% 1.30%
18:00:00 USD Durable Goods Orders (MoM) (Aug) -1.40% 4.40%
19:30:00 USD Fed Chair Yellen Testifies
Tentative USD OPEC Meeting
19:40:00 USD FOMC Member Bullard Speaks
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Above is the Daily Chart of USDINR, the pair after opening at 66.88and made a high of 66.88 and had a side to weak session after a trending session day before, the pair could not surpass the strong resistance of 67.20 and had given a breakdown of consolidation of 66.95-67.20 (triangle ) few days back so its likely to face strong resistance near 67.00 mark but intraday will see some volatility in the pair
Fundamental Overview
US dollar index is trading at 95.46, appreciating marginally in yesterday’s trade and primarily against the Euro and Yen. Consumer confidence data that was reported yesterday was above expectations and the weakness in the EURO also added to the dollar strength. FED chair Yellen is scheduled to testify before the US house financial committee and could continue to display optimism about the US economy.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Core Durable Goods Orders (MoM) (Aug) -0.40% 1.30%
18:00:00 USD Durable Goods Orders (MoM) (Aug) -1.40% 4.40%
19:30:00 USD Fed Chair Yellen Testifies
Tentative USD OPEC Meeting
19:40:00 USD FOMC Member Bullard Speaks