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Support for INR at 55.00 against USD: Nirmal Bang

SI Reporter/ 30 Jul 12 | 10:05 AM

Find out the trading strategies and important technical levels for widely traded currency pairs.

USD/INR

USD/INR can give a rise upto 55.40 but selling on rise is recommended for the day. It has an intraday support at 55.00 and resistance is at 55.60. Expected intraday range is 55.00 – 55.40.

EUR/USD

EUR/USD can give a dip upto 1.2250 but buying on dips is recommended for intraday trading. It has an intraday support at 1.2180 and resistance at 1.2400. Expected intraday range is 1.2250 - 1.2400.

GBP/USD


GBP/USD can give a rise upto 1.5760 but overall selling on rise is recommended for the day. It has a good support at 1.5600 and resistance at 1.5830. Expected intraday range is 1.5600 - 1.5760.

USD/JPY

USD/JPY can give a dip upto 78.20 but overall buying on dips is recommended for the day. A good intraday support is at 77.50 and resistance at 79.50. Expected intraday range is 78.20 – 79.50.

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