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Clear break above 0.5665 is unlikely – UOB Group

The post Clear break above 0. 5665 is unlikely UOB Group appeared com. There is scope for New Zealand Dollar (NZD) to test 0. 5665; a clear break above this level is unlikely. In the longer run, weakness in NZD has stabilized; for the time being, it is likely to trade in a range between 0. 5605 and 0. 5695, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Weakness in NZD has stabilized 24-HOUR VIEW: “NZD dropped to a low of 0. 5607 last Friday and then rebounded. Yesterday, we pointed out that ‘the rebound amid slowing momentum and oversold conditions suggests that instead of declining today, NZD is more likely to trade in a range, probably between 0. 5610 and 0. 5645’. NZD subsequently traded within a higher range of 0. 5620/0. 5651 before closing at 0. 5647 (+0. 35%). Upward momentum is starting to build, but it is not sufficient to indicate a sustained rise just yet. That said, there is scope for NZD to test 0. 5665. We do not expect a clear break above this level, and we also do not expect the next resistance at 0. 5695 to come under threat. Support levels are at 0. 5630 and 0. 5620.” 1-3 WEEKS VIEW: “Last Wednesday (05 Nov, spot at 0. 5645), we highlighted that ‘downward pressure has increased, and NZD could weaken to 0. 5600 next’. After NZD dropped to a low of 0. 5607 on Friday and then rebounded, we highlighted the following yesterday (10 Nov, spot at 0. 5630): ‘The new low was accompanied by a positive divergence on momentum indicators, suggesting waning downside momentum. Unless NZD can break below 0. 5600 within these one to two days, a breach of the ‘strong resistance’ at 0. 5660 (level was previously at 0. 5680) would mean that the weakness in NZD from late last month has stabilized’. NZD then rose to a high of 0. 5651. Although our ‘strong resistance’ level at 0. 5660 has not been.

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SS Rajamouli collaborates with JioHotstar for SSMB29: To live stream first look and teaser launch at ‘Globetrotter’ event

JioHotstar is gearing up for one of the biggest digital premiere events of the year, as it prepares to exclusively livestream the first look and teaser launch of SS Rajamouli’s upcoming action-adventure Globetrotter on Saturday, November 15 at 7 pm. The filmmaker is set to unveil the film in a large-scale celebration hosted at Ramoji Film City in Hyderabad, with an estimated 50, 000 attendees expected to be part of the spectacle. The event will feature the teaser reveal on a massive 130 ft × 100 ft screen, touted as the largest ever used for a film launch in India. Alongside the unveiling, audiences will witness a high-energy performance of the movie’s title track by Shruti Haasan and Divine. The highlight of the evening will be a three-minute teaser introducing Mahesh Babu’s character, shot against the dramatic landscape of the Masai Mara. The superstar is also set to make a grand entry before the teaser reveal, which will conclude with a fireworks display lighting up the Ramoji Film City skyline. As part of its global reach, the teaser will release in both English and Telugu. The exclusive livestream on JioHotstar will give viewers across India first access to the premiere, ahead of its wider release on social media. Fans will have the option to watch the event live or stream the full celebration later on the platform. View this post on Instagram A post shared by JioHotstar (@jiohotstar)Speaking about the unique digital launch, SS Rajamouli said, “This event is special not just for the film, but for how cinema connects with audiences today. Streaming live on JioHotstar lets us bring a shared moment right into people’s homes, bridging the big screen and digital space. Globetrotter is about exploration, and this launch itself is a step into new ways of storytelling and engagement.”Mahesh Babu added, “Being part of Globetrotter and sharing its first glimpse live on JioHotstar is truly exciting. It’s a moment that beautifully blends tradition and technology, letting fans be part of history in the making.”For the unversed, this will mark the first major collaboration not only between S. S. Rajamouli and Mahesh Babu but also with Priyanka Chopra Jonas who will make her comeback into Indian Cinema after six years along with Prithviraj Sukumaran who is expected to play the antagonist. Also Read: SSMB29: Shruti Haasan lends vocals to ‘Globetrotter’ from Mahesh Babu starrer; pens note about collaborating with MM Keeravani.