Currencies Research Report by PINC Research

Dollar/Rupee - The immediate trend of the USD/INR remains up and can target levels of 46.00 and beyond in the coming week. However, stiff resistance may come closer to 46.15 levels.

Euro/Dollar - The Eur/USD is trading sideways and we prefer to wait and watch at this moment. Support on the downside is at 1.3400 level and the resistance will come around the level of 1.3700.

Dollar/Yen - We had indicated a wait and watch in our last week’s view. Its trend in the last week has shown positive strength and the Dollar/ Yen can target 84.50 and beyond in the coming week.

Dollar Index - DXY - The immediate trend in DXY has improved and it can look at higher levels in the coming week. Target on the upside remains 78.50 and 79.00. Support on the downside is in the zone of 77.50-78.00.