Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 84.20-87.00 1.0500-1.1700 1.2800-1.3700 135.00-155.00 0.7900-0.8500
Sentiment against USD Neutral Negative Negative Negative Negative
Forecast for the day 85.25-85.50 1.1290-1.1385 1.3230-1.3345 142.85-143.90 0.8260-0.8300

Rupee opened higher at 85.30 levels, against Friday’s closing of 85.44 levels. Trading will be cautious as markets worried about Indo-Pak tensions. Equity market benchmarks are trading about 0.4 higher in early trades today.


DXY is trading at 99.68 level today. Trade was muted on Friday, as investors were looking for further direction the trade policies. It was reported that US is negotiating with EU and Japan, while hinting at an inclination to reduce tariffs for China.


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