currency forecast for 5 july 2013

currency forecast for 5 july 2013

mcx-sx usd inr forecasts

usdinr jul expiry future last closed at 60.44 with loss of 17 intraday mcxsx dollar rupee pair made high at 60.75 while low was 60 paise intraday range and as expected some below 60.8 we may correction to continue and expect level upto 60 and even below.

mcx-sx eur inr forecasts

eurinr jul expiry future last closed at 78.51 in intraday mcxsx euro rupee future made high at 78.8 while low was at 72 paise intraday range and closed below 79 hold short view for tomorrow with stoploss and expect target near 78 and below.

mcx-sx gbp inr forecasts

gbpinr jul expiry future last closed at 91.18 with loss of 1.21 intraday mcxsx pound rupee future made high at 92.47 while low was 1.52 rupee intraday range and future tumbled as pound slumped against we may see downside rally upto 89.5 tomorrow.

mcx-sx jpy inr forecasts

jpyinr jul expiry future last closed at 60.58 with loss of 32 intraday mcxsx yen rupee future made high at 60.83 while low was 63 paise intraday range and yen continue to trend for tomorrow below 61 hold sell view for target near 60.

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Pramod Baviskar

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