USDINR TECHNICAL OUTLOOK : 23.09.2016

USDINR TECHNICAL OUTLOOK : 23.09.2016

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Above is the Daily Chart of USDINR, the pair after opening at 66.95 and made a high of 66.95 and had a trending session after side wise session day before the pair could not surpass the strong resistance of 67.20 and had given a breakdown of consolidation of 66.95-67.20 (triangle ) so intraday shall be utilized to sell the pair

Fundamental Overview

US dollar index is trading at 95.42, recouping the losses from after the rate hike decision from the US FED. Though the decision was in line with expectations, markets continue to sell dollars against the majors. The selloff continued after the existing home sales data was reported below expectations yesterday. Expect some more weakness in the US dollar before the close of this week.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:15:00 USD Manufacturing PMI (Sep) 51.9 52
21:30:00 USD FOMC Member Harker Speaks
21:30:00 USD FOMC Member Lockhart Speaks
21:30:00 USD FOMC Member Mester Speaks
22:30:00 USD U.S. Baker Hughes Oil Rig Count 416
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