Fundamental Aspect:-
Brent & Crude Oil Momentum.
Bond Yields getting stronger.
Trade talk between USA - CHINA.
BOC and CBR Monetary Policy.
USA GDP (Q1).
Technical Aspect:-
Technically market is in down trend, 50MA is trading below 200MA.
RSI support buying
Stochastic indicate USDINR enter in overbought territory.
SUPPORT – 68.85 – 69.15 – 69.32
RESISTANCE - 69.90 – 70.32 – 70.52 – 70.75
WEEKLY PROJECTION – 70.55 (69.92 – 69.20) 68.85
USDINR TREND – BEARISH TILL HOLD 70.55
Events effect rupee this week:-
USA DATA
OIL INVENTORIES
TRADE TALK
BOND YIELDS
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