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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.40 levels whereas resistance is placed at 81.90 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.30 levels. The pair is expected to find resistance at higher level and trade weak below 81.90 level up to 81.70 and 81.50 levels.

* The GBP/INR futures pair has support at 93.40 levels whereas resistance is placed at 93.90 levels. The pair is expected to find resistance at higher level and trade weak below 93.40 level up to 93.20 and 93.00 levels.

* The JPY/INR futures pair has support at 55.90 levels whereas resistance is placed at 56.40 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY :

Strategy: Intraday

* GBPINR pair traded with negative bias and managed to closed below downward slopping support trend line in the last trading session 

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 93.90 level should be taken as selling opportunity targeting 93.40 – 93.20 levels on lower side

* For Intraday session, it has support at 93.40 – 93.20 levels whereas resistance is placed at 93.90 – 94.10 levels

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