USDINR TECHNICAL OUTLOOK : 26.09.2016

USDINR TECHNICAL OUTLOOK : 26.09.2016

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Above is the Daily Chart of USDINR, the pair after opening at 66.71 and made a high of 66.76 and had a side to weak session after a trending 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 ) few days back so its likely to face strong resistance near 67.00 mark but intraday will see some volatility in the pair

Fundamental Overview

US dollar index is trading at 95.36, remaining largely unchanged as markets move past the FOMC decision. Risk aversion in the form of equity weakness and the uncertainty surrounding the US elections would be in focus for today. New home sales data from August is the only important data for the day

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:00:00 USD FOMC Member Kashkari Speaks
19:30:00 USD New Home Sales (MoM) (Aug) -8.80% 12.40%
19:30:00 USD New Home Sales (Aug) 600K 654K
21:15:00 USD FOMC Member Tarullo Speaks
23:00:00 USD FOMC Member Kaplan Speaks
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