{"id":5348,"date":"2024-01-12T09:54:32","date_gmt":"2024-01-12T04:24:32","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5348"},"modified":"2024-09-03T11:42:19","modified_gmt":"2024-09-03T06:12:19","slug":"currency-market-overview-january-12-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/currency-market-overview-january-12-2024\/","title":{"rendered":"CURRENCY MARKET OVERVIEW :"},"content":{"rendered":"
The pair made an all time high of 83.47 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 83.47-82.80 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 downward <\/strong>signal and hence the short term selling is expected in near term. The major support would be 82.70 which is also a 200 <\/strong>day SMA. Breakdown below this level will give more selling opportunity and then the target 82.45\/82.15 levels.<\/strong> \u00a0<\/p>\r\n <\/p>\r\n CLICK TO OPEN FOR MORE INFORMATION ABOUT CURRENCY UPDATE :\u00a0<\/strong><\/p>\r\n