currency forecast for 14 june 2013

currency forecast for 14 june 2013


mcx-sx usd inr forecasts

usdinr jun expiry future last closed at 58.1 with gains of 20 intraday mcxsx dollar rupee made high at 58.66 while low was 60 paise intraday move and still stronger dollar.but look like rbi stepped in and we may see correction in this pair on account of that.for tomorrow sell near resistance 58.4 with stoploss and expect 57.9 and even below levels as targets.

mcx-sx eur inr forecasts

eurinr jun expiry future last closed at 77.39 with gains of 56 intraday mcxsx euro rupee future made high at 78.32 while low was 1 rupee intraday move and  strong euro trending 78 is major resistance and below that expect 77 and below as target levels.

mcx-sx gbp inr forecasts

gbpinr jun expiry future last closed at 90.91 with gains of 36 intraday mcxsx pound rupee future made high at 91.92 while low was 90.88 total 1 rupee+ move and strong pound at new follow buy near support strategy with stoploss and expect 92.5+ as next target level.

mcx-sx jpy inr forecasts

jpyinr jun expiry future last closed at 61.77 with 1.80 rupee gains in mcxsx yen rupee jun future made high at 62.34 while low was 1.35 rupee intraday rally and yen bullish breakout on weekly above 62 long term trend change to yen side and expect 66 as first upside medium term target in next 1-2 weeks.

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