Fundamental Aspect:-
Brent & Crude oil hit 2018 highest levels.
RBI regularly accumulates Forex Reserve.
Brexit uncertainty hanging around.
FOMC minutes out comes on Wednesday, matter to watch magnitude of dovishness.
India 2019 general election first phase start from 11th April.
Technical Aspect:-
Technically market is in Buying mode, short term Moving averages indicates buying in pair (USDINR).
RSI support buying
Stochastic indicate still buying.
SUPPORT – 68.46 – 69.09 – 69.42
RESISTANCE - 69.71 – 70.09 – 70.69 – 71.08
WEEKLY PROJECTION – 70.72 (69.72 – 69.09) 68.55
USDINR TREND – NORTH SIDE (BULLISH)
Events effect rupee this week:-
FOMC MINUTES
BREXIT OUTCOMES
RBI STANCE ON FX RESERVE
FII FLOWS TO DOMESTIC MARKET
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