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Support for INR at 55.30 against USD: Nirmal Bang

SI Reporter/New Delhi 21 Aug 12 | 12:19 PM

Check out the trading strategies for widely traded currency pairs.


USD/INR

USD/INR can give a rise upto 55.70 but selling on rise is recommended for the day. It has an intraday support at 55.30 and resistance is at 55.90. Expected intraday range is 55.30 – 55.70.

EUR/USD


EUR/USD can give a rise upto 1.2390 but overall selling on rise is recommended for the day. It has an intraday support at 1.2250 and resistance at 1.2460. Expected intraday range is 1.2250 - 1.2390.

GBP/USD

GBP/USD can give a rise upto 1.5750 but selling on rise is recommended for the day. It has a good support at 1.5610 and resistance at 1.5820. Expected intraday range is 1.5610 - 1.5750.

USD/JPY

USD/JPY can give a dip upto 79.08 but overall buying on dips is recommended for the day. A good intraday support is at 78.50 and resistance at 80.20. Expected intraday range is 79.08 – 80.20.

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