Usd inr future is trading near 65.6 with loss. Rupee here continue its recovery rally and heading towards 65.5 level which is its 50 ema average level. Here expect technical bounce back and so traders can follow buy on dips view for short covering rally in us dollar up to 66.1 to 66.2. Keep tight stop loss for every trade.
Euro tumbled to 73.5 level and almost lost 3-4 rupees from top. This fresh weakness might take euro to 700 rupee level in medium term. For short term 73.4 and 74.2 are support and resistances respectively.
Pound also taking hit by stronger rupee. Almost lost 3 rupee plus from top. Today gbpinr future is trading at 101.85 with loss. Here 101.6 is intraday support and target zone and 102.15 is resistance and stop loss level.
Yen also after strong buying as well as short covering rallies seen sharp correction. Jpyinr also lost 2 rupees from top mean almost 4% off the high. Today trading at 54.5 with loss. For intraday 54.15 is support level and 55.25 is resistance level.