Emkay has come out with its trading strategies on currencies. According to the research firm, October USDINR prices are expected to have resistance at 61.45-61.50 and selling can be seen there. Prices on lower side can fall towards 61.20-61.25 and again bounce can be seen there, says the report.
USDINR
October USDINR prices are expected to have resistance at 61.45-61.50 and selling can be seen there. Prices on lower side can fall towards 61.20-61.25 and again bounce can be seen there. Prices should not move above 61.60 to maintain the negative outlook for the day.
EURINR
EURINR October prices are expected to have intraday support at 78.20-78.30 level and buying can be seen there. Prices on higher side can extend the gains towards 78.75-78.90 levels. Prices should not fall below 77.90 to maintain the positive outlook for the day.
JPYINR
JPYINR October prices are expected to have resistance at 57.00 and selling can be seen there. On lower side prices have support at 56.70 and 56.50. Prices should not move above 57.20 to maintain the negative outlook for the day.
GBPINR
GBPINR October prices are expected to have intraday support at 99.50-99.60 level and buying can be seen there. Prices on higher side can extend the gains towards 100.20-100.30 levels. Prices should not fall below 99.20 to maintain the positive outlook for the day.
EURUSD
EURUSD prices are expected to have intraday support at 1.2700 and buying can be seen there. Prices on higher side can test 1.2770. Prices should not fall below 1.2660 to maintain the positive outlook for the day.
GBPUSD
GBPUSD Prices are expected to have intraday support at 1.6125 and buying can be seen there. Prices on higher side can test 1.6210. Prices should not fall below 1.6080 to maintain the positive outlook for the day.
USDJPY
USDJPY prices are expected to have intraday resistance at 108.3-108.4 and prices can remain weak and can test 107.7 on lower side. Prices should not move above 108.8 to maintain the negative outlook for the day.
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