USDINR TECHNICAL OUTLOOK:24.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 68.31 and made a high of 68.59 and saw trend continuation, the pair was trading in the range of 66-67 few months back and after violating 67 mark after us election the pair has seen some strong trending move in 8-10 trading session ,68.88 is 52week high for the pair good levels to book some profits and wait for buying opportunity at lower levels strong support for the pair is 66.25-66.50.
Fundamental Overview
US dollar index is trading at a 13 year high of 101.92, gaining momentum after positive durable goods orders, manufacturing PMI and consumer sentiment. Markets were convinced of a rate hike from the US after the FOMC meeting minutes were released yesterday, which indicated the rates could go up very soon. US markets are closed today for thanksgiving but the dollar rally is set to continue into the FOMC meeting minutes in December.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
00:30:00 USD FOMC Meeting Minutes
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
US dollar index is trading at a 13 year high of 101.92, gaining momentum after positive durable goods orders, manufacturing PMI and consumer sentiment. Markets were convinced of a rate hike from the US after the FOMC meeting minutes were released yesterday, which indicated the rates could go up very soon. US markets are closed today for thanksgiving but the dollar rally is set to continue into the FOMC meeting minutes in December.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
00:30:00 USD FOMC Meeting Minutes