Daily Forecast ( Date: 05-07-2022)
June Trade deficit at record $25.63 billion expect more aggressive RBI Intervention.Expected range for the day: 78.75-79.10.Intra-day Bias: Downward
Weekly Forecast (04-07-2022 to 08-07-2022)
Dollar Index saw a pullback, Improvment in US Yields and Crude fall can be positive for INR. Weekly Key support level is near 78.75 and 78.92. Resistance near 79.20 and 79.45 levels
Monthly Forecast (June 2022)
Range for June Month can be 76.5-78.5. FRESH ALL TIME HIGH IN USDINR so mometum is on upside
End of the Day Analysis
End of the day Forecast will be available soon.
Currency forecasts are based on technical and fundamental analysis and taken from some trusted sources. IBR Live does not make its on forecasts. Forecasts may change frequently based on present facts and future events and may differ from actual prices. One should not fully rely on the above forecasts while making any financial decision. IBR live takes no responsibility on making any financial decisions based on the above forecasts.