Currency Forecast

Daily Forecast ( Date: 25-01-2023)

The dollar rupee pair continues to move higher but lost steam as it approached the 81.80 zone. That said the fall was not steep, and the pair ended the session near 81.66. Technically, we expect the pair to face rejection near the 81.80-82.00 zone, this could continue to act as a resistance in the sessions to come. On the downside we might see the pair find support near the 81.20 zone.

Weekly Forecast (23-01-2023 to 27-01-2023)

For the Week Bearish bias on USDINR as long as spot prices remain below 81.50 on a closing basis. Resistances are 81.75 to 82.10, Support is at 81/80.70 zone.

Monthly Forecast (January 2022)

Range for January Month can be 81.5-83.5


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.