USDINR TECHNICAL OUTLOOK : 03.10.2016

USDINR TECHNICAL OUTLOOK : 03.10.2016

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Above is the Daily Chart of USDINR, the pair after opening at 67.14and made a high of 67.14 had a side wise session after a trending session a day before , the pair had a bullish candle this signifies aggressiveness of buyer , but 67,67.20 on spot will act as strong resistance while supports comes at 66.50 on spot so any dips shall be utilized to buy the pair

Fundamental Overview

US dollar index is trading at 95.43, standing firm against the majors as markets retracted the losses that were seen last week. Talks about a lower than expected fine for Deutsche bank helped prop up the sentiment. Focus would be on the non-farm payrolls data that is to be reported this Friday as investors would weigh in the possibility of any rate hike from the US FED in this year.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
19:15:00 USD Manufacturing PMI (Sep) 51.4 51.4
19:30:00 USD ISM Manufacturing Employment (Sep) 49 48.3
19:30:00 USD ISM Manufacturing PMI (Sep) 50.3 49.4
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