Technical Comments :

Rupee :Rupee seem to be moving in range-bound fashion but closed below 48.40 (trendline support) for 2 days . A move towards 48.60 looked like a false move 4 days back and now the bias shifts towards mild strength until we see a break of 48.60 again on a closing basis. The range could be from 48.05 - 48.25 Mildly Bullish.(USD/INR : 48.15)

Euro :Euro still in the range and unable to break 1.4150 support or 1.43 resistance . Break of either side would determine direction of Euro for the next few days.(Eur/Usd:1.4224) Neutral

Cable :Cable is also stuck in the range of 1.65 to 1.6380 for the last few days. Technically only a break of 1.6550 would again turn the view bullish.(GBP/USD 1.6424) Neutral

YEN :Yen needs to move above 95.27 (55 day EMA) and 95.74 (100 Day EMA) to maintain risk appetite in the market. (USD/JPY 94.80) Slightly Bullish

Aud :Aud needs to break above 8200 to maintain bullishness. It has met heavy resistance around those levels. It needs to stay above 0.8200 for couple of closing to maintain bullishness. Immediate support at 0.7950. Break below that area should trigger bearish momentum.(AUD/USD -0.8190) Neutral

Gold :Gold is hovering around $ 950 favouring bullishness in the commodity. We prefer no buys for the time being since we still feel its in a consolidation phase and a fall cannot be ruled out.Break of 945 dollars in Gold would make the short term outlook bearish.(Gold- $954.01.). Neutral

Dollar Index : Dollar index is still a range bound with slight downward pressure . We strongly feel that a constant hold below 79.35 support will only turn the outlook short term bearish till 77.70 levels. (Dollar Index - 78.72) Slightly Bearish