{"id":5721,"date":"2024-02-14T09:55:34","date_gmt":"2024-02-14T04:25:34","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5721"},"modified":"2024-09-03T16:41:30","modified_gmt":"2024-09-03T11:11:30","slug":"currency-market-overview-february-14-2024","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/currency-market-overview-february-14-2024\/","title":{"rendered":"CURRENCY MARKET OVERVIEW :"},"content":{"rendered":"
The pair has the major support at 83.00\/82.80(Spot) levels.Short covering is expected in short run.Fresh buying <\/strong>opportunity 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 <\/strong>levels. In Short term, more Selling opportunity is expected as the pair breaks the major support of 83.00 levels. The <\/strong>potential support level for the pair will emerge at the lower limit of the descending trend channel at 82.72. A bearish <\/strong>breakout below 82.72 might signal that it\u2019s time for the bear to charge again, possibly taking the pair back to a low of <\/strong>August 23 at 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 <\/strong>immediate resistance level for USD\/INR. Further north, the additional upside filter to watch is a 2023 high of 83.47, en <\/strong>route to 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