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USD/INR
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EUR/USD |
GBP/USD |
USD/JPY |
USD/CHF
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Macro Support-Resistance Levels
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45.95-47.35
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1.2500 -1.3000
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1.5200-1.5800
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83.00-87.00
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1.0000-1.0550
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Sentiment against USD
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Negative
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Positive
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Positive
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Negative
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Negative
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Forecast for the day
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46.44-46.63
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1.2820-1.2975
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1.5400 -1.5570
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83.80-85.00
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1.0060-1.0300
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- Rupee opened stronger at 46.54, tracking positive cues from the global equities.
- With no major data lined up and US market being closed today, USDINR movement should be range bound. Appreciation in the domestic currency should be limited to 46.47 where as on the upside a break of Friday’s close of 46.63 seems unlikely.
- A strong recovery in US job market indicated an improvement in risk appetite, which led to surge of 127 points in Dow, which closed above its key resistance level at 10447. Non-farm payroll was at –54k versus market expectation of -105k.
- DXY fell sharply to touch a low of 81.98, but was able to hold on to its key support level of 81.90.
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