NSE Currency Futures Daily Technical Levels for 12th June 2018

Insignia Consultants

New Delhi

Tuesday, June 12, 2018

TIME 9:31 AM IST                      

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NSE CURRENCY FUTURES DAILY TECHNICAL LEVELS

HOW TO TRADE TODAY

  • Trump North Korea news will be the key.
  • FOMC tomorrow will affect US dollar.
  • UK Pound looks bearish on expectations that bank of England may not raise interest rates in the near term.
  • Usd/inr should remain firm. Sentiment is still bearish for usd/inr.

US DOLLAR/INDIAN RUPEE (USD/INR) JUNE 2018 – current price 67.6075

Support: 67.1775-67.2875-67.3825-67.4825

Resistance: 67.7450-67.8575-67.9650

Key resistance: 67.7450

EURO/INDIAN RUPEE (EURO/INR) JUNE 2018 – current price 79.6250

Support: 79.0725-79.2275-79.4175

Resistance: 79.8400-80.0350-80.2250-80.3775

UK POUND/INDIAN RUPEE (GBP/INR) JUNE 2018 – current price 90.3725

Support: 89.8950-90.0925-90.1775

Resistance: 90.4950-60.6325-90.7700

Key resistance is at 100 day moving average at: 90.7700

YEN/INDIAN RUPEE (JPY/INR) JUNE 2018 – current price 61.3600

Support: 61.0100-61.1125-61.2450

Resistance: 61.4525-61.6625-61.8950

Key resistance: 61.6625

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)

US session starts at 6pm pm Indian Standard Time (+5:30 GMT)

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

ALL PRICES ARE VERSUS THE INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

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