Join Our telegram channnel for Equity    Join Our telegram channnel for Commodity    Join Our telegram channnel for Currency   
17/4/2018

Currency Report 17th April 2018

Share:



On Monday, Indian rupee ended considerably weaker plunged by 29 paise to hit a fresh five months low of 65.49 against American currency on widening trade deficit concerns amid heightened geopolitical worries. As per the data India’s trade deficit widened 28.5% to $13.7 billion in March. So, the Annual deficit increased to $87.2 billion, amid concerns over global trade. On the global front, On Monday the dollar slipped further against the yen as market assessed the fallout from US-led missile strikes on Syria on Friday.




USDINR 



Support at 65.30 and Resistance at 65.50


Above 65.50 rally will likely to continue till 65.80-66.00 else could touch its support level of 65.30

 

Fresh selling can be initiated below 65.30




GBPINR


Support at 93.80 and Resistance at 94.00


Above 94.00 rally likely to continue till 94.20—94.30 else could touch its support level of 93.80


Fresh selling can be initiated below 93.80





EURINR



Support at 81.00 and Resistance at 81.20


Above 81.20 likely to continue till 81.40—81.50 else could touch its support level of 81.00


Fresh selling can be initiated below 81.00






JPYINR


Support at 61.00 and Resistance at 61.30


Above 61.30 rally likely to continue till 61.60—61.70 else could touch its support level of 61.00


Fresh selling can be initiated below 61.00






EURUSD


Support at 1.2370 and Resistance at 1.2400


Below 1.2370 panic likely to continue till 1.2340—1.2430 else could touch its support level of 1.2400


Fresh buying can be initiated above 1.2400





GBPUSD


Support at 1.4310 and Resistance at 1.4340


Above 1.4340 rally likely to continue till 1.4370—1.4380 else could touch its support level of 1.4310


Fresh selling can be initiated below 1.4310





USDJPY


Support at 107.00 and Resistance at 107.20


Below 107.00 likely to continue till 106.80—106.70 else could touch its resistance level of 107.20


Fresh buying can be initiated above 107.20


Trade with levels only.





Share:

Tags:Currency

Join our WhatsApp broadcast list
I agree terms and conditions.
Messenger