Weekly currency outlook

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MCX USDINR futures were ended moving upwards compared to previous week. It was ended at 63.441.The Moving Average is above the closing price and the value is 63.74. 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 62.857 and resistance is 64.293.


EUR/INR futures were ended at 72.623. The Moving Average is below the closing price. The RSI is in over sold zone. Averages in MACD are above the zero line and positive cross over .It may Further upside is expected. The support seen at 70.6365 and resistance at 73.892.


GBPINR futures were traded at 99.788 in final trading day. The Moving Average is below 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 97.652 and resistance 101.547.


JPY/INR Futures were traded at negatively compared to previous week. It was ended at 0.5317. The Moving Average tested zone is above the previous closing price. RSI is moving towards sold zone. The averages of MACD are above the Zero line and positive cross over. JPY/INR may further upside is expected. The support seen at 0.5258 and resistance seen at 0.5475.


*chart source www.investing.com


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