Jun, 13, 2017 By Vikram Murarka 0 comments
Need reliable Euro, Yen and Aussie forecasts for business costing and planning your hedges?
We had started to offer long-term forecasts on Euro, Yen and Aussie, spanning over period of 3-quarters. We intend to continue the forecasts on a monthly basis which would reflect changes in our view based on market volatility.
As is unique to KSHITIJ.COM, you will find not only a directional view, but even explicit high-low-close projections for each quarter.
EURO LONG-TERM FORECAST - JUNE'17
The range of 1.05-1.10 has expanded in line with expectations and a breakout above 1.1000 helped Euro to make a high of 1.1285 so far but the current technical evidence points to the strong resistance cluster of 1.1300-1.1450 to hold and push it back inside the long term range of 1.0400-1.1500.
AUSSIE LONG-TERM FORECAST - JUNE'17
In line with what we said in our May report, May saw a low of 0.7325 from where Aussie has been moving up. But a confirmed break above 0.7750-0.7800 is needed to initiate further bullishness towards 0.80 and beyond.
JAPANESE YEN LONG-TERM FORECAST - JUNE'17
: In our May’17 report, Dollar Yen was expected to remain rangebound in 108-115 for the next 2-3 months with a possible extension to 116-118 by the year end.
Dollar Yen failed to rise above 115 but the following decline also failed to breach 108 to the downside.