Weekly Currency Outlook

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MCX USDINR futures were ended moving upwards compared to previous week. It was ended at 64.115.The Moving Average is below the closing price and the value is 63.84. The RSI is in moving towards sold zone. The averages in MACD are above the zero line and positive cross over. USD INR further may test upside is expected. The support seen at 63.539 and resistance is 64.513.


EUR/INR futures were ended at 70.8730. The Moving Average is below the closing price. The RSI is in neutral zone. Averages in MACD are above the zero line and positive cross over .It may Further upside is expected. The support seen at 69.1278 and resistance at 73.2019.


GBPINR futures were traded at 97.922 in final trading day. The Moving Average is above the closing price.The RSI is neutral zone.The MACD are above the zero line and positive cross over. The GBP/INR futures upside is expected.The support seen at 96.427 and resistance 99.766.


JPY/INR Futures were traded at negatively compared to previous week. It was ended at 0.5077. The Moving Average tested zone is above the previous closing price. RSI is moving towards sold zone. The averages of MACD are below the Zero line and negative cross over. JPY/INR may further downside is expected. The support seen at 0.4945 and resistance seen at 0.5363.


*chart source www.investing.com


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