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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 75.50 levels whereas resistance is placed at 76.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 85.60 levels whereas resistance is placed at 85.80 levels. The pair is expected to trade firm above 85.80 levels up to 86.00 and 86.20 levels.

* The GBP/INR futures pair has support at 99.70 levels whereas resistance is placed at 100.20 levels. The pair is expected to trade firm above 100.20 levels up to 100.40 and 100.60 levels.

* The JPY/INR future pair has support at 66.50 levels whereas resistance is placed at 66.80 levels. The pair is expected to trade firm above 66.80 levels up to 67.00 and 67.15 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with negative bias but managed to sustain above upward trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 66.50 level should be taken as buying opportunity targeting 66.80 – 67.00 levels on higher side

* For Intraday session, it has support at 66.50 – 66.30 levels whereas resistance is placed at 66.80 – 67.00 levels

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