USDINR
The Rupee showing some resilience near 75.00/75.06 levels, we are expecting USDINR commence Tuesday session between 74.78 / 74.88.
Day Trend: - Bullish but upside resistance persist with condition of market hold important resistance levels.
INTRADAY RANGE – 74.43 (74.72 – 75.01) 75.30
EURUSD
EURUSD Continues to Benefit from Greenback Weakness Despite a lack of particularly strong support for the Euro (EUR), the pair continues to climb higher this week. This is largely due to continued weakness in the US Dollar.
Day Trend: - Bullish but market in overbought territory.
INTRADAY RANGE – 1.2199 (1.2092 – 1.1985) 1.1878
GBPUSD
The Cable Surges despite Lack of Fresh Pound Support Despite weaker demand for the GBP in recent weeks, GBP/USD exchange rate has capitalized on US Dollar losses. The US Dollar continues to be sold across the board.
Day Trend: - Bullish but likely to enter in overbought territory.
INTRADAY RANGE – 1.4265 (1.4080 – 1.3895) 1.3710
DOLLAR INDEX
The dollar fell sharply against its rivals as analysts declared the recovery in the greenback over, but stopped short of ruling out a "second wave" of strength on worries the Federal Reserve could raise rates sooner than expected.
Day Trend: - Bearish but greenback entered into oversold territory.
INTRADAY RANGE – 92.13 (91.40 – 90.68) 89.95
BRENT OIL
Brent Oil prices rose as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world's biggest oil user, though rising coronavirus cases in Asia capped gains.
Day Trend:- Bullish but commodity in overbought zone.
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