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The EURINR is oversold in previous two trading sessions, but that does not seem to matter. NSE Currency traders may buy this pair nearby 80 level.
Target: 81 – 81.5 – 82
The day trader can buy GBPINR pair up to 94 rupees. We may see a reversal soon. After a reversal end, you could buy this pair for the 96 level.
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According to secret sources, JPYINR will try to break the 58 level. If this pair will show closing above 58 level then we may see 58.4-59 levels. And we see closing below the resistance line (red) can be a direct indication it will hit 56.8 – 56.2 levels soon.
Touch the first target 58.4 and going to touch the second target.
EURINR suggesting a bullish pattern, support found at 78.4118 level.
You can see 79.1853 – 79.4737 – 80.0025 levels soon.
If crossover and close below the support level, you may see 78.1588-77.8300 levels.
Australian Dollar, Indian Rupee technically stronger for buyers.
You can target 51.882 – 52.389 levels.
If AUD INR closes below the 51.298 level, you may see 50.992 – 50.612 levels.
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INRBRL is technically weak, you may see 0.04902 – 0.4855 – 0.04797 levels soon.
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According to secret sources, JPYINR will try to break the 58 level. If this pair will show closing above 58 level, then we may see 58.4-59 levels. And we see closing below the resistance line (red) can be a direct indication it will hit 56.8 – 56.2 levels soon.
Support: 63.75 level
Strong Support: 63.5 level
Supports breakout will indicate a downtrend. I recommend selling after the breakout of support levels.
Targets: 63.15 – 62.6 levels
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Just keep your eyes on the opening bell. If it opens downside, then we will see 61 – 60.8 today.
More information I’ll update due to market hours.
We don’t want to add mixed opinions and confusion.
Targets: 75.65
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JPY vs. INR is totally weak and currency traders for very good opportunity. Go and sell it without any worry.
Short term target: 51.9
USD vs. INR forex pair is looking weak and in this upcoming 1 week it will hit 61.6 level.
Short term traders for Hurdle: 62.2 level
Had Seen 1.04 Rupee of bloodbath in U.S. Dollar vs. Indian Rupee (USDINR) in today’s trading session, open at 62.67 and made low of 61.56 and finally closed at 61.63. We must be able to see bounce bank to 62.00 – 62.50 in next trading sessions only if hold the support of 61.59 otherwise it moves continue to 61.33 – 61.14 – 60.94 in nearby trading sessions.
Coming back to take support at 83.70, we must see bull in nearby trading days to 84.50 – 85.00 and 86.00.
What if too weak to hold support?Continue reading