WEEKLY MCX-SX CURRENCY REPORTS (23112009)
USD-INR:-
Last week we had expected the 46.85 as upper resistance & 45.80 lower end support.In reality it declined to make the low of 45.78 & bounced off to make the high of the week at 46.79.For the coming week we expect 46.40 as support & 47.40-47.65 zone will act as resistance with the our limited upside bias.
EURO-USD:- Last week it moved sideways against our view of downview.For the coming week we see 1.4965 as resistance of any upmove.Our bias is distinctly negative & we see it heading for the 1.4625.
GBP-USD:- Last week it made the LOW of 1.6460 against our expectation of 1.6400.For the coming week we more negatively inclined & see intial support at 1.6260 & in case of further slide it may find the support 1.5800.
USD-JPY:- For the coming week we expect it to find support 88.00 & on upside 90.35 will act as resistance.


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