The USD/INR futures pair has support at 79.80 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 79.80 levels whereas resistance is placed at 80.10 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 81.30 levels whereas resistance is placed at 81.70 levels. The pair is expected to trade range bound until either side level is breached.
* The GBP/INR futures pair has support at 95.30 levels whereas resistance is placed at 95.70 levels. The pair is expected to find support at lower levels and trade firm above 95.70 level up to 95.90 and 96.10 levels.
* The JPY/INR futures pair has support at 57.50 levels whereas resistance is placed at 57.90 levels. The pair is expected to find support at lower levels and trade firm above 57.90 level up to 58.10 and 58.30 levels.
Strategy: Intraday
* JPYINR pair traded with negative bias but managed to closed above upward slopping support line in the last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 57.50 level should be taken as buying opportunity targeting 57.90 – 58.10 levels on higher side
* For Intraday session, it has support at 57.50 – 57.30 levels whereas resistance is placed at 57.90- 58.10 levels
GBPINR (DAILY CHART)
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