The USD/INR has risen during this week. A sustained rise may result if 45.70 level is breached beyond which it can reach 46.00. Support will come at 45.10 and 44.50.

We had stated in our last week's view that Euro/Dollar slipping below 1.30 can result in negative short term implicatons for the trend. A sustained move below 1.30 can see it test 1.29 and 1.2850 level.

The USD/JPY had a reversal of trend after testing level of 81. Its medium term uptrend is confirmed beyond 84.50 post which it might also see 86.00 level. Support to watch out is 82.30.

The DXY has risen again, but can face resistance at 81.70 which is its 200 DMA. For now, it is range bound and we prefer to wait for a breakout before forming a directional view.