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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 77.60 levels whereas resistance is placed at 78.00 levels. The pair is expected to find support at lower levels and trade firm above 78.00 level up to 78.20 and 78.40 levels.

* The EUR/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.40 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 96.80 levels whereas resistance is placed at 97.20 levels. The pair is expected to find support at lower levels and trade firm above 97.20 level up to 97.40 and 97.60 levels.

* The JPY/INR futures pair has support at 60.60 levels whereas resistance is placed at 61.00 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with positive bias and managed to closed above downward sloping trending line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 96.80 level should be taken as buying opportunity targeting 97.20 – 97.40 levels on higher side

* For Intraday session, it has support at 96.80 –96.60 levels whereas resistance is placed at 97.20 – 97.40 levels

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