Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 93.50-96.50 1.1250-1.2100 1.2800-1.3800 150.00-162.50 0.7400-0.8300
Sentiment against USD Positive Negative Negative Positive Positive
Forecast for the day 95.70-96.15 1.1575-1.1680 1.3330-1.3430 158.00-159.00 0.7830-0.7875

Rupee continues to trade under pressure as dollar extended its gains following strong economic data from the US. While writing this report local unit was trading at 95.92 levels and is expected to trade in range of 95.60-96.10. Equity market benchmarks are trading flat with a negative bias.


The DXY climbed to a two week high of 99.03 level as investors closely watch the two-day summit between US President Trump and Chinese President Xi Jinping.


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