DAILY FX INSIGHTS Vinod Maloo | [email protected] | 022-6624-2404 USDINR-Spot- Daily Chart USDINR Spot are having resistance at 61.30-61.35 as mentioned on Friday and are coming down. Prices should not move past 61.45 which is channel line resistance to remain weak else prices can again test 61.90-61.95 levels in coming days. Prices are expected to have intraday support at 61.10 and if sustain below this then can extend fall towards 60.90. On higher side prices have intraday resistance 61.35 should trade lower. October 13, 2014 1 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Insights EURUSD- Daily Chart Euro prices fell on Friday as per our expectation and buying interest also emerged at lower levels as mentioned. Prices gained today in the early session. Prices are expected to remain in the range of 1.2580 to 1.2790 with a positive bias. Prices are expected to have strong support at 1.2580 and as far as prices trade above this will try to move higher. On higher side prices need to clear 1.2790 to give further upside else prices are expected to remain in the range of 1.2580 to 1.2790 for the day. October 13, 2014 2 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Insights GBPUSD- Daily Chart GBPUSD prices also fell as per our expectation and as mentioned were weaker than EURUSD pair. Prices still have stiff trend line resistance at 1.6200 and a day close above this level will clear further upside else prices can remain in the range of 1.6200 to 1.6000 with negative bias. Prices are expected to have intraday resistance at 1.6140 and crucial resistance at 1.6200. On lower side prices have support at 1.6080 and crucial support at 1.6000. Prices can remain sideways to down for the day. A close above 1.6200 will confirm further upside. October 13, 2014 3 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Insights USDJPY- Daily Chart USDJPY prices though gave intraday upside move from 107.6 to 108.10 but could not clear 108.2 and came down and close below 107.7. Prices now have crucial support at 106.5 and if holds then should bounce back. Today prices are expected to have intraday support at 106.8-106.9 around and can bounce back from these levels . Prices on higher side have intraday resistance at 107.6 and if move past this then can move higher towards 108.1. Prices should not fall below 106.5 to maintain corrective outlook for the day. October 13, 2014 4 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Daily FX Insights Currency Technical Outlook for the day on Indian Pairs USDINR October USDINR prices are expected to have resistance at 61.60-61.65 and prices can face resistance at this level and on lower side price have support at 61.30 and prices are expected to remain in this range. Prices can turn weak below 61.30 on lower side. EURINR EURINR October prices are expected to have support at 77.70-77.5 and on higher side prices have resistance at 78.20 and can remain in this range. Prices are expected to remain positive till trades above 77.70 levels. On higher side prices can give fresh breakout above 78.20 and can move higher towards 78.50. JPYINR JPYINR October prices are expected to face resistance 57.60-57.65 and profit taking can be seen there. Prices on lower side can have support at 57.05-57.10 and can again bounce back. Prices should not move past 57.80 else prices can move further higher. GBPINR GBPINR October prices are expected to have crucial resistance at 99.35 and as far as prices trade below this then can trade sideways to lower towards 98.80 and 98.60. Prices should not move above 99.35 for the day. October 13, 2014 5 EMKAY GLOBAL FINANCIAL SERVICES LIMITED Corporate FX Desk Mithun Maity AVP [email protected] 022-6624-2401 Vikash Bairoliya Sr. Manager [email protected] 022-6612-1263 Vinod Maloo Senior Research Analyst [email protected] 022-6624-2404 Amrish Singh Manager [email protected] 022-6624-2436 Emkay Global Financial Services Limited CIN - L67120MH1995PLC084899 7th Floor, The Ruby, Senapati Bapat Marg, Dadar (W), Mumbai– 400 028. Tel No. 6612 1212. Fax: 6612 1299 DISCLAIMER Emkay Global Financial Services Limited and its affiliates are a full-service, brokerage, investment banking, investment management, and financing group. We along with our affiliates are participants in virtually all securities trading markets in India. Our research professionals provide important input into our investment banking and other business selection processes. 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