USD/INR attempted a rally after testing our projected level of $45.00. It may remain sideways with a positive bias in the coming week. Resistance on the upside will come at $45.80 above which it can target $46.10.

The EUR/USD maintained a bullish bias last week however its uptrend is appearing a bit tired around current levels. 1.3860 remains a stiff area of resistance. On the downside support is indicated at around 1.3525.

USD/JPY declined further last week and made a low of 81.63. It can remain a bit subdued in the coming week and may test its strong support zone of $81.00-$81.30. A wait and watch policy must be exercised as long as this support zone is held.

DXY slid further last week however its downward force is lacking momentum which may lead to its temporary halt around 77 level. If the $77.00 level is held it may see a bounce back to 78.50 - 79.00 level. On the other hand, a decisive breach of 77.00 can take it closer to 76.00 level.