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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.20 levels whereas resistance is placed at 81.70 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 85.50 levels whereas resistance is placed at 86.00 levels. The pair is expected to find support at higher level and trade firm above 86.00 level up to 86.20 and 86.40 levels

* The GBP/INR futures pair has support at 99.60 levels whereas resistance is placed at 100.10 levels. The pair is expected to find support at higher level and trade firm above 100.10 level up to 100.30 and 100.50 levels

* The JPY/INR futures pair has support at 60.60 levels whereas resistance is placed at 61.10 levels. The pair is expected to find support at higher level and trade firm above 61.10 level up to 61.30 and 61.50 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with positive bias in the last trading session and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 60.60 level should be taken as buying opportunity targeting 61.10 – 61.30 levels on higher side

* For Intraday session, it has support at 60.60 – 60.40 levels whereas resistance is placed at 61.10 – 61.30 levels

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