WEEKLY CURRENCY OUTLOOK (12/04/2010)
USD-INR:- It is currently in the terminal stages of a declining pattern which should end around 43.80( 43.95 MCX APR FUT).From this point we see a quick bounce to 45.60-45.70 levels(45.75-45.85 MCX APR FUT).
EURO-INR:- In our opinion it is correcting the decline of 70.30-59.066.We see this correction to come to at least 62.86 & on higher side it may go to 64.68.
GBP-INR:- In our view it has strong support at 67.35 & on rise we see initial target at 69.70 & 71.75.
JPY-INR:- We see it rising back to 48.70 levels.
EURO-USD:- It is correcting the decline from 1.4580-1.3268.Our initial target is 1.377 & then 1.392.
GBP-USD:- It has strong support in the 1.5130-1.5140 range. On the upper side there is resistance at 1.5800.
USD-JPY:- It is likely to bounce back to 94.00 levels & then declining back to 92.50 levels.
DOLLAR-INDEX:- In our view it has topped out at 82.52 & commenced it's downward correction. We see 82.05 as resistance & 79.80 as support for any decline.
EURO-INR:- In our opinion it is correcting the decline of 70.30-59.066.We see this correction to come to at least 62.86 & on higher side it may go to 64.68.
GBP-INR:- In our view it has strong support at 67.35 & on rise we see initial target at 69.70 & 71.75.
JPY-INR:- We see it rising back to 48.70 levels.
EURO-USD:- It is correcting the decline from 1.4580-1.3268.Our initial target is 1.377 & then 1.392.
GBP-USD:- It has strong support in the 1.5130-1.5140 range. On the upper side there is resistance at 1.5800.
USD-JPY:- It is likely to bounce back to 94.00 levels & then declining back to 92.50 levels.
DOLLAR-INDEX:- In our view it has topped out at 82.52 & commenced it's downward correction. We see 82.05 as resistance & 79.80 as support for any decline.
Posted by JKD VIEWPOINT at 4/12/2010 
Categories: WEEKLY MCX-SX CURRENCY REPORTS
Tags: WEEKLY CURRENCY REPORTS
Categories: WEEKLY MCX-SX CURRENCY REPORTS
Tags: WEEKLY CURRENCY REPORTS
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