nse currency outlook for 25th may 2016

NSE usd inr future closed at 67.83 with gain. Rupee heading lower and weakness might continue. Dollar looks super bullish and taking rupee to 68.25 tgt.
Nse eur inr future closed at 75.85 with gain. Here watch 75.6 support and above it keep long view for tgts 76 and 76.4.

NSE gbp inr future closed at 99.03 and achieved my first tgt of 99 rupee. Now next tgt will be 100 with support on downside at 98.8 and 98.3.

Nse jpy inr future closed at 61.85 with gain. yen is heading towards 63 and 65 levels. For intraday 61.7 and 61.4 are support zones. On upside 62.1 and 62.7 are resistances.

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Pramod Baviskar

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