IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.20 levels. The pair is expected to find support at lower level and trade firm above 81.20 level up to 81.30 and 81.40 levels

* The EUR/INR futures pair has support at 89.50 levels whereas resistance is placed at 90.00 levels. The pair is expected to range bound until either side level is breached ? The GBP/INR futures pair has support at 104.50 levels whereas resistance is placed at 105.00 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 58.00 levels whereas resistance is placed at 58.30 levels. The pair is expected to find support at lower level and trade firm above 58.30 level up to 58.40 and 58.50 levels

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with positive bias in the last trading session; and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 81.90 level should be taken as buying opportunity targeting 82.20 – 82.30 levels on higher side

* For Intraday session, it has support at 81.90 – 81.80 levels whereas resistance is placed at 82.20 – 82.30 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