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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.00 levels whereas resistance is placed at 75.30 levels. The pair is expected to find resistance at higher levels and trade weak below 75.00 level up to 74.80 and 74.60 levels

The EUR/INR futures pair has support at 85.40 levels whereas resistance is placed at 85.70 levels. The pair is expected to range bound until either side level is breached

The GBP/INR futures pair has support at 101.80 levels whereas resistance is placed at 102.10 levels. The pair is expected to find support at lower levels and trade firm above 102.10 level up to 102.30 and 102.50 levels

The JPY/INR futures pair has support at 64.90 levels whereas resistance is placed at 65.20 levels. The pair is expected to find resistance at higher levels and trade weak below 64.90 level up to 64.70 and 64.55 levels

CHART OF THE DAY

Strategy: Intraday

JPYINR pair traded with negative bias and 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 65.20 level should be taken as selling opportunity targeting 64.90 – 64.70 levels on lower side

For Intraday session, it has support at 64.90 –64.70 levels whereas resistance is placed at 65.20 – 65.40 levels

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