USDINR TECHNICAL OUTLOOK : 04.10.2016
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USDINR, the pair after opening at 66.80and made a low of 66.73 had a side wise session after a trending session few day before , the pair had a bullish candle this signifies aggressiveness of buyer , but 67, on spot will act as strong resistance while supports comes at 66.30 on spot so the pair is likely to consolidate in the range of 66.30-66.90
Fundamental Overview
US dollar index is trading at 95.84, appreciating against all the majors after better than expected economic data was reported yesterday. Manufacturing PMI data from the US for the month of September was stronger than expected and pushed the US dollar higher. There is no major data from the US today but the current strength of the US dollar is set to stay.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:35:00 USD FOMC Member Lacker Speaks
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USDINR, the pair after opening at 66.80and made a low of 66.73 had a side wise session after a trending session few day before , the pair had a bullish candle this signifies aggressiveness of buyer , but 67, on spot will act as strong resistance while supports comes at 66.30 on spot so the pair is likely to consolidate in the range of 66.30-66.90
Fundamental Overview
US dollar index is trading at 95.84, appreciating against all the majors after better than expected economic data was reported yesterday. Manufacturing PMI data from the US for the month of September was stronger than expected and pushed the US dollar higher. There is no major data from the US today but the current strength of the US dollar is set to stay.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
17:35:00 USD FOMC Member Lacker Speaks