Commentaries

USD/INR EUR/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 46.30-47.15  1.2600 -1.3200  1.5350-1.5780  85.0-88.00  1.0200-1.0600 
Sentiment against USD Positive  Negative  Negative  Positive  Positive 
Forecast for the day 46.42 -46.79  1.2850 -1.3130  1.5450 -1.5670  85.80-87.20  1.0250 -1.0520 

Updated on Jul 30 09:30 IST

  • Rupee opened mildly weaker at 46.59 due to reversal in risk appetite and weak economic data as concerns about the pace of economic recovery resurfaced.
  • Meanwhile, our domestic market also opened in red, reflecting global indices. USDINR is facing a strong cluster support around 46.50, which if not broken, the pair can push towards 46.69 (55 4-Hourly EMA).
  • Dow touched a high of 10,584 in early session, as the markets were expecting good job data but it fell by 194 points before closing at 10,467 as the data failed to meet expectations.
  • DXY continued to remain under pressure to touch almost its 3-month low of 81.48, before closing at 81.61.