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Support for INR at 56.30 against USD: Nirmal Bang

SI Reporter/New Delhi 29 Jun 12 | 12:15 PM

Check out the important support and resistance levels for widely traded currency pairs.

USD/INR

USD/INR can give a rise upto 56.70 but selling on rise is recommended for the day. It has an intraday support at 56.30 and resistance is at 56.90. Expected intraday range is 56.30 – 56.70.

EUR/USD

EUR/USD has given a good rise in the morning trade but it can again give a dip upto 1.2515 thus traders can sell on rise but overall buying on dips is recommended for the day. It has an intraday support at 1.2435 and resistance at 1.2660. Expected intraday range is 1.2515 - 1.2660.

GBP/USD

GBP/USD can give a dip upto 1.5550 but overall buying on dips is recommended for the day. It has a good intraday support at 1.5470 and resistance at 1.5700. Expected intraday range is 1.5550 - 1.5700.

USD/JPY

USD/JPY can give a rise upto 79.60 but overall selling on rise is recommended for the day. A good intraday support is at 78.40 and resistance at 80.20. Expected intraday range is 78.40 – 79.60.

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