Usd/inr December 2014 (expiry on 29th December): A break of 64.15 will result in 64.36 and 65.05. Initial support is at 63.66. There will be another wave of selling if usd/inr trades below 63.66 in UK session.
Euro/inr December 2014 (expiry on 29th December): Key short term resistance is 80.48 and only a break of 80.48 will trigger the next wave of rise to 81.30-82.29. In case euro/inr does not break and trade over 80.48 by tomorrow then it will fall to 77.70 and 75.70 in January.
Gbp/Inr December 2014 (expiry on 29th December): Key short term resistance is at 100.88. Only a break of 100.88 will trigger the next wave of rise to 101.7975 and 103.38. Initial support is at 100.31. There will be sellers only if gbp/inr trades below 100.31 in UK session.
Jpy/Inr December 2014 (expiry on 29th December): Resistance is at 54.82. A break of 54.82 will result in 56.99 and 57.73. Initial support is at 54.45. There will be sellers only below 54.45 today.
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.