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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 74.90 levels whereas resistance is placed at 75.20 levels. The pair is expected to find support at lower levels and trade firm above 75.20 level up to 75.40 and 75.60 levels

The EUR/INR futures pair has support at 85.70 levels whereas resistance is placed at 86.00 levels. The pair is expected to range bound until either side level is breached

The GBP/INR futures pair has support at 101.50 levels whereas resistance is placed at 102.00 levels. The pair is expected to range bound until either side level is breached

The JPY/INR futures pair has support at 64.80 levels whereas resistance is placed at 65.10 levels. The pair is expected to find resistance at higher levels and trade weak below 64.80 level up to 64.60 and 64.45 levels

CHART OF THE DAY

Strategy: Intraday

USDINR pair traded with positive bias and managed to closed above upward trending line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 74.90 level should be taken as buying opportunity targeting 75.20 – 75.40 levels on higher side

For Intraday session, it has support at 74.90 –74.70 levels whereas resistance is placed at 75.20 – 75.40 levels

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