USDINR SPOT Spot USDINR is likely to extend its recent declines towards 53.50 followed by 53.20 levels in near term as price has settled well below 200-Day EMA of 54.14 for the first time since 2012 Oct 29.
USDINR January: Trend shifted to negative for the short term and Jan price could continue its declines towards 53.65 followed by 53.45 levels in near future. Any intraday gains could cap at 54.18 levels.
EURINR January: EURINR remains weak for the day and is anticipated to trade sideways to lower towards 71.50 initial followed by 71.00 levels by testing strong resistance of 72.25-72.35 levels.
GBPINR January: Trend shifted to negative as price settled well below 200-Day EMA of86.49 levels for the first time in three months, targeting 85.00 levels.
JYPINR January: Weakness is still on till price manages to trade below 9-Day EMA of61.64, targeting 59.60 followed by 59.00 levels. Intraday gains can't be ruled out towards 60.50 levels.
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