USD-INR:-

Last week USD-INR made the low of 46.12 against our expected support of 46.50 & closed the week at 46.22.For the coming week we see the 46.85 as upper range resistance & 45.80 as lower range support.We are expecting it to move down with strong negative bias.

EURO-USD:- Last week it made the high of 1.505  on Wednesday against our expectation of 1.500 & moved down to make the low of 1.4822.Our view is negative & it will move down to 1.4600 during the coming week.

 
 
 

GBP-USD:- Last week it made the high of 1.6843 which was within our expected range of 1.678-1700.At the moment there is strong divergence between price & stochastic & we expect it to drift at least to 1.6400 level as shown in the chart.

 

  USD-JPY:- For the coming week we expect it to react downside maximum to 88.00 & then bounce back.