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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.40 levels whereas resistance is placed at 75.80 levels. The pair is expected to find support at lower levels and trade firm above 75.80 level up to 76.00 and 76.20 levels

The EUR/INR futures pair has support at 84.50 levels whereas resistance is placed at 85.10 levels. The pair is expected to find resistance at higher levels and trade weak below 84.50 level up to 84.30 and 84.10 levels

The GBP/INR futures pair has support at 101.10 levels whereas resistance is placed at 101.50 levels. The pair is expected to find resistance at higher levels and trade weak below 101.10 level up to 100.90 and 100.70 levels

The JPY/INR futures pair has support at 65.30 levels whereas resistance is placed at 65.70 levels. The pair is expected to find support at lower levels and trade firm above 65.70 level up to 65.90 and 66.10 levels

CHART OF THE DAY

Strategy: Intraday

GBPINR pair traded with positive bias but managed to closed below downward trending line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 101.50 level should be taken as selling opportunity targeting 101.10 – 100.90 levels on lower side

For Intraday session, it has support at 101.10 –100.90 levels whereas resistance is placed at 101.50 – 101.70 levels

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