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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 82.90 levels. The pair is expected to find support at lower level and trade firm above 82.90 level up to 83.10 and 83.30 levels

* The EUR/INR futures pair has support at 88.80 levels whereas resistance is placed at 89.30 levels. The pair is expected to find resistance at higher level and trade weak below 88.80 level up to 88.60 and 88.40 levels

* The GBP/INR futures pair has support at 102.60 levels whereas resistance is placed at 103.00 levels. The pair is expected to find resistance at higher level and trade weak below 102.60 level up to 102.40 and 102.20 levels

* The JPY/INR futures pair has support at 59.20 levels whereas resistance is placed at 59.70 levels. The pair is expected to find support at lower level and trade firm above 59.70 level up to 59.90 and 60.10 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 82.50 level should be taken as buying opportunity targeting 82.90 – 83.10 levels on higher side

* For Intraday session, it has support at 82.50 – 82.30 levels whereas resistance is placed at 82.90 – 83.10 levels

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