PKR experienced a weekly increase of Rs1.09 in value relative to the US dollar through weekly interbank trading. Weekly session at PKR 283.87, up from PKR 284.12 the day before.

PKR has shown resilience against Dollar last week. No major break downs or breakouts could be expected, however keep in mind that range itself is huge. Referring to the last weeks TA it is pretty much the same.

On the daily you can expect a bounce from 0.236 fib retracement level which is 283.0418 provided that we don’t close a daily candle below it.

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