WEEKLY CURRENCY OUTLOOK (26/4/2010)
USD-INR:- In our view it will not bounce to 44.50 & downside it will head lower for 43.80 or still lower to 43.25.
EURO-INR:- In our opinion it will react to 59.05-59.25 for the initial part of the week & then commence the journey towards the 60.10-60.45.
GBP-INR:- It has good support at 67.75 & then at 67.40.Similarly 68.85 & 69.70 are good resistances.
JPY-INR:- We do not see it rising to 47.50 & on the downside it may head for the 46.05 levels in coming week.
EURO-USD:- In our view it will react to consolidate in the 1.3350-1.3310 range during the initial part of the week. It is then likely to head for 1.3500 or higher.
GBP-USD:- During the initial period of week it is likely to react to around 1.5125 level & then unfold the third leg for 1.6500 on upside.
USD-JPY:- We are expecting that it will not breach the 93.60 on downside & it will head for the 95.25 or above.
DOLLAR-INDEX:- In our view it is likely to attempt the retest the 82.50 in coming days & then react to 81.50.
EURO-INR:- In our opinion it will react to 59.05-59.25 for the initial part of the week & then commence the journey towards the 60.10-60.45.
GBP-INR:- It has good support at 67.75 & then at 67.40.Similarly 68.85 & 69.70 are good resistances.
JPY-INR:- We do not see it rising to 47.50 & on the downside it may head for the 46.05 levels in coming week.
EURO-USD:- In our view it will react to consolidate in the 1.3350-1.3310 range during the initial part of the week. It is then likely to head for 1.3500 or higher.
GBP-USD:- During the initial period of week it is likely to react to around 1.5125 level & then unfold the third leg for 1.6500 on upside.
USD-JPY:- We are expecting that it will not breach the 93.60 on downside & it will head for the 95.25 or above.
DOLLAR-INDEX:- In our view it is likely to attempt the retest the 82.50 in coming days & then react to 81.50.
Posted by JKD VIEWPOINT at 4/26/2010 
Categories: WEEKLY MCX-SX CURRENCY REPORTS
Tags: WEEKLY CURRENCY REPORTS
Categories: WEEKLY MCX-SX CURRENCY REPORTS
Tags: WEEKLY CURRENCY REPORTS
Comments