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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.70 levels whereas resistance is placed at 75.10 levels. The pair is expected to trade firm above 75.10 levels up to 75.30 and 75.45 levels.

* The EUR/INR futures pair has support at 86.90 levels whereas resistance is placed at 87.40 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 103.00 levels whereas resistance is placed at 103.60 levels. The pair is expected to trade weak below 103.00 levels up to 102.80 and 102.60 levels.

* The JPY/INR future pair has support at 65.60 levels whereas resistance is placed at 66.10 levels. The pair is expected to trade weak below 65.60 levels up to 65.40 and 65.15 levels.

CHART OF THE DAY

Strategy: Intraday

* USDINR pair traded with positive bias and managed to sustain above downward sloping trend line in the last trading session. In last session it made double bottom also.

* The pair is likely to trade with positive bias and any pullback near immediate support of 74.70 level should be taken as buying opportunity targeting 75.10 – 75.30 levels on lower side

* For Intraday session, it has support at 74.70 – 74.50 levels whereas resistance is placed at 75.10 – 75.30 levels

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