Rupee :Rupee moved up to 48.60 today due to the sell off in commodities , stocks and dollar index on friday and today's asian session . We are getting a trendline resistance between 48.62 - 48.70 paise which if broken would make rupee enter the bearish territory. It is likely to be rangebound between 48.50 to 48.70 today. Slight bearish. (USD/INR : 48.58)

Euro : Euro unable to hold above 1.4300 levels and broke down. Its still in the consolidation phase with slight bearish bias . Only a break below 1.3852 would negate the weekly up trend of euro. Neutral (EUR/USD 1.4150)

Sterling : Cable was unable to hold above 1.66 and corrected towards 1.6450 once again. It stands slightly bearish below 1.6640. Bias is again neutral until the pair is able break of 1.6250-6300 (weekly trendline& 55 day EMA) which would confirm a trend reversal for the pair and target 1.58 again. (GBP/USD 1.6453) .Slight Bearish

Yen: Yen has again entered the weekly triangle consolidation pattern between 92 to 98 levels. Risk aversion has again gained control and break of the triangle pattern would decide the medum term trend of the pair. (USD/JPY 94.59) Neutral

Aud : Aud seems to be entering into correction mode lately .We have started witnessing sell off in commodity prices . It is neutral to slightly bullish until we see a break below 0.7950. (AUD/USD -0.8220) In Correction Mode

Gold : Gold has also seen correction lately. Bullish only above 960 dollar otherwise rangebound. (Gold- $943.44). Rangebound

Dollar Index : The Dollar Index (basket against 6 currencies with EUR accounting for 57% of the basket) rebounded close to 77 levels. Expect retracement till 80 levels.Closing above 82 levels would change the bias of the index. (Dollar Index - 78.97) Neutral

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DISCLAIMER These views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy.