Daily FX Trends - Commentaries

USD/INR EURO/USD GBP/USD USD/JPY USD/CHF
Macro Support-Resistance Levels 92.50-95.25 1.1250-1.2100 1.2800-1.3700 150.00-162.50 0.7400-0.8300
Sentiment against USD Neutral Positive Positive Positive Positive
Forecast for the day 92.35-92.90 1.1635-1.1745 1.3350-1.3475 158.25-159.25 0.7885-0.7920

Rupee opened lower this morning at 92.67 levels, amid higher crude prices after Iran once again closed the Strait of Hormuz citing Israel’s attacks on Lebanon. Equity market benchmarks are trading about 0.3 lower in early trades today.


DXY is trading at 99.12 level today. Markets are cautious after an initial surge in optimism after the announcement of Ceasefire.


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