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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 73.80 levels whereas resistance is placed at 74.20 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 84.60 levels whereas resistance is placed at 85.10 levels. The pair is expected to find support at lower levels and trade firm above 85.10 level up to 85.30 and 85.50 levels

*The GBP/INR futures pair has support at 101.30 levels whereas resistance is placed at 101.90 levels. The pair is expected to find support at lower levels and trade firm above 101.90 level up to 102.10 and 102.30 levels

*The JPY/INR futures pair has support at 64.10 levels whereas resistance is placed at 64.40 levels. The pair is expected to find support at lower levels and trade firm above 64.40 level up to 64.60 and 64.80 levels

CHART OF THE DAY

Strategy: Intraday

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

* The pair is likely to trade with positive bias and any pullback near immediate support of 101.30 level should be taken as buying opportunity targeting 101.90 – 102.10 levels on higher side

* For Intraday session, it has support at 101.30 – 101.10 levels whereas resistance is placed at 101.90 – 102.10 levels

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