currency premarket forecast 5/12/2015
Mcxsx dollar rupee future last closed at 63.62 with loss. In intraday usdinr, future made high at 63.81 while low was at 63.55. Total 30-paisa intraday range and closed with loss. For intraday, us dollar has strong support on downside at 63.3 and resistance at 64. With stop loss below 63.3 stay long for intraday.
Mcxsx euro rupee future last closed at 76.69 with 60-paisa loss. In intraday eurinr future hit high around 76.97 while low was at 76.52. Total 50-paisa intraday range and closed with loss. For intraday euro has 76 as support and 77.5 as strong resistance. Traders here keep bearish view as euro trending lower with historic lows in international market.
Mcxsx pound rupee future last closed at 98.18 with loss. In intraday gbpinr, future hit high at 99.21 while low was at 98.16. Total 110-paisa intraday range and closed with loss. For intraday pound has support around 97.5 while 98.8 is as strong resistance. Long-term investors buy and accumulate in 97-98 rupee zone.
Mcxsx yen rupee future last closed at 52.84 with loss of 55 paisa. In intraday jpyinr, future hit high at 53.18 while low was at 52.77. Total 40-paisa intraday range and closed with loss. Yen intraday support at 52.5 and resistance is at 53.5. Above 52.5, keep long view for intraday.
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