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FOREX SUMMARY (2ND-6TH NOV'20)


The Rupee witnessed volatile session throughout the week but maintain to finished with weekly gain of 0.1350 pips against greenback.

USDINR opened firm at 74.33/34 levels on Monday (2nd NOV'2020), then hit weekly high at 74.89/90 levels on Wednesday (4th NOV'2020), before finished the weekly trading at 74.1950/2050 levels on Friday (6th NOV'2020), the pair hit weekly lows at 73.8725/8825 levels.

Projection :- USDINR will get support for short term between 73.30 - 73.50 levels meanwhile strong resistance at 74.50 - 74.80.

EURUSD finished with 1.04% gain on last weekly session, The pair was maintain winning momentum almost every trading session except Monday (02nd NOV'2020).

EURUSD started with weaker note at 1.1658 levels on Monday (2nd NOV'2020) , Touched weekly high at 1.1891 levels on Friday (6th Nov'2020) before finished at 1.1872 levels. The pair snapped on Wednesday (4th NOV'2020) at 1.1603 levels.

The British Pound witnessed volatile session last week but maintain to appreciated 1.62% against US dollar.

GBPUSD opened at 1.2946 and simultaneously hit weekly low at 1.2853 level on Monday (02nd NOV'2020). The pair touched weekly high at 1.3178 before finished at 1.3156 levels on Friday (6th NOV'2020).

Japanese Yen gained 1.18% last week trading session on safe haven demand against greenback.

USDJPY started weekly trading at 104.57 level on Monday (02nd NOV'2020), Pair hit highest level of the week at 105.35 on Wednesday (04th NOV'2020) before snapped weekly lows at 103.17 on Friday (6th NOV'2020). USDJPY settled on 103.33 levels.

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