Nivesh Currency From 22nd to 26th December, 2014 :: IndiaNivesh

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USDINR saw a drastic fall from the level of 64.09 towards 63.10 levels and settled at 63.42 levels. The trend reversal was expected
from 63.80-64.00 levels in the special report update dated 16th Dec 2014 for the downside target of 62.50 levels. In near term any
jump towards 63.80-64.00 levels could attract huge selling unless pair gives a closing above the 64.50 levels else sell below 63.00
could be expect for downside targets 62.50-62.00 levels.

 As was expected last week, dollar index saw an abrupt bullish rally from 87.83 levels and hit multi week high of 89.88, settled up by 

1.41% at 89.60 The weekly chart is still in bullish trend and it’s expected that a breakout above 90.10 levels could bring next upside 

levels towards 90.30 and then 90.52 levels with revise support of 88.60 levels. However, Christmas and new year holiday mood 

over the next two weeks could bring range bound trend in the currency. 

LINK
http://www.indianivesh.in/Admin/Upload/635550057013661250_Nivesh%20Weekly%20Currency%2022nd%20Dec%20%20to%2026th%20%20Dec%20%202014.pdf