CNH/INR: Break below 11.65 to open up 61.8% Fibo support at 11.30 and then 0% Fib support at 11.01 – TDS India China Currencies Banks
“India has benefitted from a surge in foreign portfolio flows, while FDI inflows have remained firm. We expect inflows to continue to strengthen, providing support to the INR. Separately, India's trade deficit is narrowing, with the country registering its smallest deficit in April since Aug 2021. This all bodes well for the currency and while RBI FX intervention remains a risk to spot appreciation, carry and risk adjusted returns are attractive.
“The currency pair is trading around its 76.4% Fib support level at 11.65 and a push lower opens up the 61.8% Fib support at 11.30 and then 0% Fib support at 11.01.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Natural Gas Price Analysis: XNG/USD turns sideways below 61.8% Fibo retracement around $2.40Natural Gas price (XNG/USD) is demonstrating a back-and-forth action around $2.38 in the Asian session. The asset has turned sideways after a sheer se
Read more »
EUR/USD: A break below 1.0650 appears unlikely – UOBUOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang suggest a drop to 1.0650 and below seems not favoured in EUR/USD for the time
Read more »
USD/CAD Price Analysis: At make or a break below 1.3600The USD/CAD pair is juggling in a narrow range below the round-level resistance of 1.3600 in the early Tokyo session. The Loonie asset is expected to
Read more »
Jurassic Park Told The Same Story 6 Times - This Cut Story Idea Can Break The CycleThe Jurassic Park franchise has gotten pretty repetitive, and the best way to fix this would be to bring back a cut Jurassic Park IV storyline.
Read more »
‘Andor’ Costume Designers Break Down Looks of Mon Mothma, Luthen Rael and Imperial PrisonersWith the “Star Wars” universe serving as the DNA for Disney+’s “Andor,” costume designer Michael Wilkinson could honor a legacy while leaning into a new world. For Diego Luna’s Cassian, Wilkinson d…
Read more »
Memorial Day gun violence: More than a dozen shootings break out across Philadelphia amid celebrationsA weekend meant to honor our fallen heroes, and usher in the start of summer, has been riddled with shootings in a city continually plagued by gun violence.
Read more »