IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 80.80 levels whereas resistance is placed at 81.20 levels. The pair is expected to find support at lower level and trade firm above 81.20 level up to 81.40 and 81.60 levels.

* The EUR/INR futures pair has support at 84.30 levels whereas resistance is placed at 84.70 levels. The pair is expected to find resistance at higher level and trade weak below 84.30 level up to 84.10 and 83.90 levels.

* The GBP/INR futures pair has support at 96.00 levels whereas resistance is placed at 96.50 levels. The pair is expected to find resistance at higher level and trade weak below 96.00 level up to 95.80 and 95.60 levels.

* The JPY/INR futures pair has support at 58.00 levels whereas resistance is placed at 58.50 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 positive bias but managed to closed above upward slopping resistance trend line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 96.50 level should be taken as selling opportunity targeting 96.00 – 95.80 levels on lower side

* For Intraday session, it has support at 96.00 – 95.80 levels whereas resistance is placed at 96.50 – 96.70 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