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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.10 levels whereas resistance is placed at 74.40 levels. The pair is expected to find resistance at higher levels and trade weak below 74.10 level up to 73.90 and 73.75 levels

* The EUR/INR futures pair has support at 86.80 levels whereas resistance is placed at 87.30 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 101.30 levels whereas resistance is placed at 101.70 levels. The pair is expected to find resistance at higher levels and trade weak below 101.30 level up to 101.10 and 100.90 levels

* The JPY/INR futures pair has support at 67.20 levels whereas resistance is placed at 67.70 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair failed to sustain at higher levels in the last trading session

* It is having a resistance of downward sloping trend line and sustaining below the same

* For Intraday session, it has support at 74.10 – 73.90 levels whereas resistance is placed at 74.40 – 74.60 levels

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