IGI Logo

CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 73.40 levels whereas resistance is placed at 73.70 levels. The pair is expected to find support at lower levels and trade firm above 73.70 level up to 73.90 and 74.05 levels

The EUR/INR futures pair has support at 87.00 levels whereas resistance is placed at 87.50 levels. The pair is expected to trade range bound until either side level is breached

The GBP/INR futures pair has support at 101.20 levels whereas resistance is placed at 101.80 levels. The pair is expected to trade range bound until either side level is breached

The JPY/INR futures pair has support at 66.50 levels whereas resistance is placed at 66.90 levels. The pair is expected to find support at lower levels and trade firm above 66.90 level up to 67.10 and 67.25 levels

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

USDINR pair traded with positive bias and managed to sustain above downward sloping trend line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 73.40 level should be taken as buying opportunity targeting 73.70 – 73.90 levels on higher side

For Intraday session, it has support at 73.40 – 73.20 levels whereas resistance is placed at 73.70 – 73.90 levels

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer