On Monday , After long weekend The Rupee likely to start session with negative note between 73.25/35 levels as Dollar index steady on Easter Monday as investors soaked up last week's strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation of a solid economic rebound from the corona virus shock.
INTRADAY RANGE - 72.74 ( 72.92 - 73.55 ) 73.82
GLOBAL
Trading was subdued on Easter Monday in Australia, China, Hong Kong, New Zealand, South Africa, United Kingdom ,Germany , Switzerland , Spain , France ,Italy are also closed.
Dollar short positions in the currency market fell last week to the lowest since June last year, U.S. Commodity Futures Trading Commission data showed - another positive sign for the greenback.
Asian Session , Oil prices edged lower in early after OPEC+ agreed last week to gradually ease some of its production cuts between May and July.
The bullish momentum may dominating Gold prices provided the resistance level of $1,741.75 is penetrated upside, it will be targeting the resistance level of $1,791 and $1,822. In case the resistance level of $1,742 is defended by the bears, consolidation may continue.
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