currency outlook : USDINR future above 63.5 remain buy

free nse currency trading tips for 10 july 2015

NSE usd inr July future closed at 63.6 with loss as market sees inflow from FII. But us dollar here continue to hold bullish momentum and remain buy on dips. Expect above 64 levels in short terms. On downside 63.5 and 63.4 are strong support zones and above it keep buy and accumulate view here.
Euro rupee future today closed at 70.28 with gain. Here expect some consolidation but below 71.5 overall euro outlook remain weak and 69 and 68 levels can be expected.
Pound rupee future closed at 97.88 with loss. Below 97.8 keep short view for intraday and expect price targets 97.4 and 97 in intraday.
Yen rupee future closed at 52.35 with loss of 16 paisa. Yen touched high near 52.7 and given correction as rupee sees inflow. Here correction might continue up to 52.

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Updated: 09/07/2015 — 7:58 PM

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Pramod Baviskar

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