Currency Market Support and Resistance : 22.11.2016

Currency Market Support and Resistance : 22.11.2016


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USDINR ( 28-Nov-16 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 68.29 / 68.41 / 68.51 . And the lower side , it has Strong Support @ 68.18 downside, it may tank to near support Levels such as 68.06 / 67.96 / 67.84 . Currently USDINR is Trading @ 68.17

EURINR ( 28-Nov-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 72.25 / 72.06 / 71.90 . And the upperside, it has Strong Resistance @ 72.41 upperside, it may test Resistance Levels such as 72.60 / 72.76 / 72.95 . Currently EURINR is Trading @ 72.44

GBPINR ( 28-Nov-16 ) Enters in to Buy Zone and it is showing Strength. It is expected to test Resistance levels 84.35 / 84.53 / 84.75 . And the lower side , it has Strong Support @ 84.13 downside, it may tank to near support Levels such as 83.95 / 83.73 / 83.55 . Currently GBPINR is Trading @ 84.17

JPYINR ( 28-Nov-16 ) Enters in to Sell Zone and it is showing weakness. It is expected to test near Support levels 61.42 / 61.22 / 61.11 . And the upperside, it has Strong Resistance @ 61.53 upperside, it may test Resistance Levels such as 61.73 / 61.85 / 62.05 . Currently JPYINR is Trading @ 61.62


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