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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.30 levels whereas resistance is placed at 82.60 levels. The pair is expected to find support at lower level and trade firm above 82.60 level up to 82.80 and 83.00 levels

* The EUR/INR futures pair has support at 89.60 levels whereas resistance is placed at 90.20 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 105.00 levels whereas resistance is placed at 105.60 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 57.30 levels whereas resistance is placed at 57.80 levels. The pair is expected to find support at lower level and trade firm above 57.80 level up to 58.00 and 58.20 levels

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 82.30 level should be taken as buying opportunity targeting 82.60 – 82.80 levels on higher side

* For Intraday session, it has support at 82.30 – 82.10 levels whereas resistance is placed at 82.60 – 82.80 levels

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