Technical Alert: Higher oil, stronger zloty & weaker rupee

Only small movements noted – the best of the least in USDINR (1mt NDF) which trades notably higher today bringing the recent 54.83 high back in focus… EURPLN was allowed to accelerate below dynamic support which makes ~4.33 possible (before up)… EURSEK with yet another lower high & lower low but with the fresh low also rejected so unfortunately the best guess is continued range type of trading with a small downside bias… Elsewhere Brent Crude trades higher and some focus on $110.77\111.33 is required… And finally EURUSD stays in range (which is thought to be part of a push lower, but needs a sub-1.2983 move to confirm)…

Click here to read the full report:

http://www.easyforexnews.net/wp-content/uploads/2011/12/TA2812.pdf

 

Tech team
Skandinaviska Enskilda Banken AB