Weekly Currency Outlook

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MCX USDINR futures were ended moving upwards compared to previous week. It was ended at 63.49.The Moving Average is above the closing price and the value is 63.65. The RSI is in neutral 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 62.747 and resistance is 64.293.


EUR/INR futures were ended at 69.95. The Moving Average is above 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 68.3095 and resistance at 73.3913.


GBPINR futures were traded at 98.353 in final trading day. The Moving Average is above the closing price.The RSI is over sold zone.The MACD are above the zero line and positive cross over. The GBP/INR futures upside is expected.The support seen at 97.659 and resistance 100.038.


JPY/INR Futures were traded at negatively compared to previous week. It was ended at 0.5226. The Moving Average tested zone is above the previous closing price. RSI is moving towards bought 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 0.5178 and resistance seen at 0.5374.


*chart source www.investing.com


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