currency trading strategy for tomorrow 2 july 2015
NSE usd inr future closed at 63.93 with loss. Here rupee continue to gain on strong dollar inflows. On downside 63.7 is strong support and this correction might test it. 64.1 is strong resistance as well as stop loss for short trades.
NSE eur inr future closed at 70.97 with loss of 55 paisa. In intraday euro remain under pressure due to global weakness as well as strong rupee. Here expect downside up to 70 rupee if market continue to rally.
NSE gbp inr future closed at 100.07 with loss. Here expect some downside for intraday but in short to medium term strong pound might continue its bullish momentum after breather. Expect 103-105 levels in medium to long terms.
NSE jpy inr future closed at 52.01 with loss. Here now follow sell on rise view as yen once again resumed downtrend in international market. On upside 52.4 is intraday resistance and 51.6 is intraday support as well as yen target for tomorrow.