{"id":5210,"date":"2024-01-02T10:28:20","date_gmt":"2024-01-02T04:58:20","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5210"},"modified":"2024-09-03T12:25:07","modified_gmt":"2024-09-03T06:55:07","slug":"currency-market-overview-january-2-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/currency-market-overview-january-2-2024\/","title":{"rendered":"CURRENCY MARKET OVERVIEW :"},"content":{"rendered":"
The pair made an all time high of 83.49 and could not trade above that level. Fresh buying opportunity will be seen at <\/strong>83.50 levels until then the pair is expected to trade between the broad ranges of 83.50-82.80 levels. Short term <\/strong> resistance lies at 83.30 levels. On the downside, 83.00 will be the critical support level for USD\/INR. Any follow-through <\/strong>selling will see a drop to 82.80, portraying the confluence of the lower limit of the trading range and a low of Sep 12. <\/strong>The next contention level will emerge near a low of Aug 11 at 82.60. The momentum indicators show the sideways <\/strong>signal and hence the range bound market expected. The major support would be 82.65 which is also a 200 day SMA. <\/strong>Breakdown below this level will give more selling opportunity and then the target 82.45\/82.15 levels.<\/strong> \u00a0<\/p>\r\n CLICK TO OPEN FOR MORE INFORMATION ABOUT CURRENCY UPDATE :\u00a0<\/strong><\/p>\r\n