{"id":5671,"date":"2024-02-09T10:08:23","date_gmt":"2024-02-09T04:38:23","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5671"},"modified":"2024-09-03T16:46:55","modified_gmt":"2024-09-03T11:16:55","slug":"currency-market-overview-february-9-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/currency-market-overview-february-9-2024\/","title":{"rendered":"CURRENCY MARKET OVERVIEW :"},"content":{"rendered":"
The pair has the major support at 82.80(Spot) levels. Short covering is expected in short run. Fresh buying opportunity <\/strong>will be seen at 83.47 levels which is also an all time high. The broad range for the week is 83.30-82.80 levels. In Short <\/strong>term, more Selling opportunity is expected as the pair breaks the major support of 83.00 levels. The potential support <\/strong>level for the pair will emerge at the lower limit of the descending trend channel at 82.72. A bearish breakout below <\/strong>82.72 might signal that it\u2019s time for the bear to charge again, possibly taking the pair back to a low of August 23 at <\/strong>82.45, followed by a low of June 1 at 82.25. The upper boundary of the trading range at 83.40 acts as an immediate <\/strong>resistance level for USD\/INR. Further north, the additional upside filter to watch is a 2023 high of 83.47, en route to <\/strong>the 84.00 psychological round mark.<\/strong><\/p>\r\n <\/p>\r\n CLICK TO OPEN FOR MORE INFORMATION ABOUT CURRENCY UPDATE :\u00a0<\/strong><\/p>\r\n