See more buying in USDINR Feb fut above 53.50: Emkay

Emkay Global Financial Services has come out with its report on currency. The research firm says USDINR February Future, a break and close over 53.50 can attract more buying interest with the price objective of by 54 levels. Strong support is at 53.10.

USDINR spot: Spot USDINR could extend its three day gains towards 53.40 levels, as price has been holding well above 52.90-52.85 support levels. A break and close above 53.40 can make a way towards 53.95 levels. Any intraday declines can’t be ruled out towards 53.00 levels.

USDINR Feb: A break and close over 53.50 can attract more buying interest with the price objective of by 54.00 levels. Strong support is at 53.10.

EURINR Feb: EURINR is looking weak for the day and is likely to decline from current levels with the price objective of 72.00 followed by 71.50 levels.

GBPINR Feb: GBPINR could shift its trend to bullish from current levels as price bounced from key 83.00-82.50 levels.

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