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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.70 levels whereas resistance is placed at 75.10 levels. The pair is expected to trade weak below 74.70 levels up to 74.50 and 74.35 levels.

* The EUR/INR futures pair has support at 86.90 levels whereas resistance is placed at 87.40 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 103.00 levels whereas resistance is placed at 103.60 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR future pair has support at 65.40 levels whereas resistance is placed at 65.80 levels. The pair is expected to trade weak below 65.40 levels up to 65.20 and 65.00 levels.

CHART OF THE DAY

Strategy: Intraday

* USDINR pair traded with negative bias and managed to sustain below downward sloping trend line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 75.10 level should be taken as selling opportunity targeting 74.70 – 74.50 levels on lower side

* For Intraday session, it has support at 74.70 – 74.50 levels whereas resistance is placed at 75.10 – 75.30 levels

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