Nirmal Bang's report on currencies
USD/INR (spot) can trade with a positive bias during the day. Buying on dips is recommended for intraday trading. It has a minor intraday resistance at 62.96 if it gives a closing above this we can see it moving upto 63.50 in this week. It has a good intraday support at 62.40. Expected intraday range is 62.40 – 62.95. EUR/USD is expected to trade with a negative bias during the day. It can be sold on rise upto 1.3515. It has a good intraday support at 1.3425 and resistance is at 1.3560. Expected intraday range is 1.3425 – 1.3515. GBP/USD is expected to dip upto 1.6000 but buying on dips is recommended for intraday trading. It has a good intraday support at 1.5960 and resistance is at 1.6080. Expected intraday range is 1.6000 – 1.6080. USD/JPY can rise upto 99.00 but selling on rise is recommended for intraday trading. It has a good intraday support at 98.20 & resistance is at 99.40. Expected intraday range is 98.20 – 99.00. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
