USDINR TECHNICAL OUTLOOK : 14.09.2016

USDINR TECHNICAL OUTLOOK : 14.09.2016

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE

Above is the Daily Chart of USDINR, the pair after opening at 67.08and made a high of 67.13 and trading with a positive bias the pair had strong momentum on the upside before last day ,the pair was hovering near the crucial support of 66.65 (200DMA) and now had a closed above that suggest bulls aggressiveness on the on the lower side thus until the pair close below 66.50 any dips shall be untied to buy the pair intraday

Fundamental Overview

US dollar index is trading at 95.60, continuing to be in demand as markets flock to its safety amidst the risk averse market environment. US dollar appreciated against all currencies despite no other economic data being reported from the US. Equity market performance would be the driving force behind the dollar demand and expect the trend of dollar strength to continue.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
18:00:00 USD Export Price Index (MoM) (Aug) 0.10% 0.20%
18:00:00 USD Import Price Index (MoM) (Aug) -0.10% 0.10%
20:00:00 USD Crude Oil Inventories -14.513M
20:00:00 USD Cushing Crude Oil Inventories -0.434M
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