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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 77.30 levels whereas resistance is placed at 77.60 levels. The pair is expected to find support at lower levels and trade firm above 77.60 level up to 77.80 and 78.00 levels.

The EUR/INR futures pair has support at 81.70 levels whereas resistance is placed at 82.00 levels. The pair is expected to find resistance at higher levels and trade weak below 81.70 level up to 81.50 and 81.30 levels.

The GBP/INR futures pair has support at 95.40 levels whereas resistance is placed at 95.90 levels. The pair is expected to trade range bound until either side level is breached.

The JPY/INR futures pair has support at 59.40 levels whereas resistance is placed at 59.80 levels. The pair is expected to find support at lower levels and trade firm above 59.80 level up to 60.00 and 60.20 levels.

CHART OF THE DAY

Strategy: Intraday

JPYINR pair traded with positive bias and managed to closed above upward sloping trending line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 59.40 level should be taken as buying opportunity targeting 59.80 – 60.00 levels on higher side

For Intraday session, it has support at 59.40 –59.20 levels whereas resistance is placed at 59.80 – 60.00 levels

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