mcx currency forecast for 11 dec 2014

mcx currency forecast for 11 dec 2014

Mcxsx dollar rupee future last closed at 62.28 with gains. In intraday usdinr future made high at 62.31 while low was at 62.16. Total 15-paisa intraday range and closed with gains. Here expect upside for pair on strong dollar index.

Mcxsx euro rupee future last closed at 77.13 with 31-paisa gains. In intraday eurinr future hit high around 77.2 while low was at 76.9. Total 32-paisa intraday range and closed with gain. Here for tomorrow 76.8 is support zone and 77.6 is strong resistance level and bounce back may extend on upside.

Mcxsx pound rupee future last closed at 97.59 with gains. In intraday gbpinr future hit high at 97.73 while low was at 97.41. Total 30-paisa intraday range and closed with gain. For tomorrow, 97.3 is support and 98 rupee will serve as strong resistance.

Mcxsx yen rupee future last closed at 52.27 with gains of 40 paisa. In intraday jpyinr future hit high at 52.45 while low was at 52.08. Total 35-paisa intraday range and closed with gain as yen gets stronger. Here 52 is support on downside while 52.5 is strong resistance.

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Pramod Baviskar

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