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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.70 levels whereas resistance is placed at 82.20 levels. The pair is expected to find support at lower level and trade firm above 82.20 level up to 82.40 and 82.60 levels.

* The EUR/INR futures pair has support at 86.30 levels whereas resistance is placed at 87.00 levels. The pair is expected to find resistance at higher level and trade weak below 86.30 level up to 86.10 and 85.90 levels

* The GBP/INR futures pair has support at 100.20 levels whereas resistance is placed at 100.70 levels. The pair is expected to find resistance at higher level and trade weak below 100.20 level up to 100.00 and 99.80 levels.

* The JPY/INR futures pair has support at 60.40 levels whereas resistance is placed at 60.90 levels. The pair is expected to find resistance at higher level and trade weak below 60.40 level up to 60.20 and 60.00 levels.

CHART OF THE DAY

Strategy: Intraday

* USDINR 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 81.70 level should be taken as buying opportunity targeting 82.20 – 82.40 levels on higher side

* For Intraday session, it has support at 81.70 – 81.50 levels whereas resistance is placed at 82.20 – 82.40 levels

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