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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 73.00 levels whereas resistance is placed at 73.40 levels. The pair is expected to trade weak below 73.00 level up to 72.80 and 72.65 levels.

* The EUR/INR futures pair has support at 88.50 levels whereas resistance is placed at 89.00 levels. The pair is expected to trade strong above 88.70 level up to 89.00 and 89.15 levels.

* The GBP/INR futures pair has support at 103.00 levels whereas resistance is placed at 103.70 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 66.30 levels whereas resistance is placed at 66.70 levels. The pair is expected to trade strong above 66.50 levels up to 66.70 and 66.85 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair is trading above upward sloping trend line

* The pair is likely to trade with positive bias and any pullback near immediate support of 66.30 level should be taken as buying opportunity targeting 66.70 – 66.85 levels on higher side

* For Intraday session, it has support at 66.30 – 66.15 levels whereas resistance is placed at 66.70 – 66.85 levels

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