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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.50 levels whereas resistance is placed at 83.00 levels. The pair is expected to find support at lower level and trade firm above 83.00 level up to 83.20 and 83.40 levels

* The EUR/INR futures pair has support at 89.30 levels whereas resistance is placed at 90.00 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 102.90 levels whereas resistance is placed at 103.50 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 59.90 levels whereas resistance is placed at 60.

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with positive bias in the last trading session; but prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 60.40 level should be taken as selling opportunity targeting 59.90 – 59.70 levels on lower side

* For Intraday session, it has support at 59.90 – 59.70 levels whereas resistance is placed at 60.40 – 60.60 levels

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