Dollar Rupee this week was moving between range of 66.80 to 67.20 from Monday to Thursday but on Friday it shot up to 67.63 and closed at 67.52. The pair has now support at 67.41 (ichimoku line) and 67.14 (7 day moving average) and Resistance at range of 67.57 ( Ichimoku line) to 67.62 (Bollinger band midpoint) followed by 68.00 (Big Figure)
Fundamentals to watch
OIL : up move in oil prices is likely to result in up-move and down move is likely to result in down move in the pair.
US 10 year Yield : a spike may trigger an outflow in emerging markets including India while a fall in US yield may result in appreciation.
Indian 10 year Yield : Last week the yield almost touched 8 % resulting in spike in pair on Friday. An up-move in yields may result a further outflow in bond markets.
