{"id":4937,"date":"2023-12-14T10:22:44","date_gmt":"2023-12-14T04:52:44","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4937"},"modified":"2024-09-03T10:57:38","modified_gmt":"2024-09-03T05:27:38","slug":"currency-market-overview-december-14-2023","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/currency-market-overview-december-14-2023\/","title":{"rendered":"CURRENCY MARKET OVERVIEW :"},"content":{"rendered":"
The pair made an all time high of 83.49 and gave small profit booking till 82.90. In long term, the pair is expected to <\/strong>trend towards new psychological level of 84.00. Fresh buying opportunity is seen at 83.50 levels and then the target <\/strong>would be 83.75\/84.00 levels. Short term resistance lies at 83.50 levels. The immediate support is at 83.30\/83.10. Break <\/strong>down below this level will give good bearish signal in the pair and hence the target would be 82.90\/82.60. The <\/strong>momentum indicators are suggesting that the upward bias of USD\/INR remains intact. Technically the overall trend is <\/strong>expected to trade in a broad range of 83.50 to 82.90. Breaking below this range will give clear indication on the trend. <\/strong>Federal Reserve (Fed) pivoted into a path toward rate cuts after months of towing the \u201chigher for longer\u201d line.<\/strong><\/p>\r\n CLICK TO OPEN FOR MORE INFORMATION ABOUT CURRENCY UPDATE : <\/strong><\/p>\r\n