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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.50 levels whereas resistance is placed at 82.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 84.50 levels whereas resistance is placed at 85.00 levels. The pair is expected to find resistance at higher level and trade weak below 84.50 level up to 84.30 and 84.10 levels.

* The GBP/INR futures pair has support at 97.00 levels whereas resistance is placed at 97.60 levels. The pair is expected to find resistance at higher level and trade weak below 97.00 level up to 96.80 and 96.60 levels.

* The JPY/INR futures pair has support at 58.20 levels whereas resistance is placed at 58.70 levels. The pair is expected to find resistance at higher level and trade weak below 58.20 level up to 58.00 and 57.80 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with sideways to positive bias and managed to closed below upward slopping resistance trend line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 58.70 level should be taken as selling opportunity targeting 58.20 – 58.00 levels on lower side

* For Intraday session, it has support at 58.20 – 58.00 levels whereas resistance is placed at 58.70 – 58.90 levels

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