USDINR
On Thursday, we are expecting USDINR likely to commence session with gap up as covid19 cases is out of hand in India. Pair seems start between 75.30 / 75.40 levels.
Day Trend: - Bullish but there will be possibility central bank intervene.
INTRADAY RANGE – 74.62 (74.97 – 75.42) 75.68
EURUSD
EUR/USD regains 100-DMA on the way to 1.2100. Euro cheers rising vaccination rates as economic optimism grows. Bulls defend the support level of $1.20.
Day Trend: - Bullish but market in overbought territory, correction will be buying opportunity.
INTRADAY RANGE – 1.2106 (1.2059 – 1.2012) 1.1965
GBPUSD
Cable’s upside momentum remains well and sound for the time being.
Day Trend: - Bullish, correction will be buying opportunity.
INTRADAY RANGE – 1.4027 (1.3962 – 1.3897) 1.3832
DOLLAR INDEX
The dollar edged lower in early European trading Wednesday, retreating once more near to seven-week lows as lower bond yields reduced its attractiveness.
Day Trend: - Bearish but in oversold territory.
INTRADAY RANGE – 91.65 (91.29 – 90.93) 90.57
USDCAD
The loonie slumped after the Bank of Canada became the first major central bank to rein in its bond buying program, and laid out the red carpet for a shift away from an ultra-accommodative policy.
GBPNZD
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