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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.30 levels. The pair is expected to find resistance at higher level and trade weak below 81.80 level up to 81.60 and 81.40 levels.

* The EUR/INR futures pair has support at 89.70 levels whereas resistance is placed at 90.30 levels. The pair is expected to find support at lower level and trade firm above 90.30 level up to 90.50 and 90.70 levels.

* The GBP/INR futures pair has support at 101.90 levels whereas resistance is placed at 102.60 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 59.70 levels whereas resistance is placed at 60.30 levels. The pair is expected to find support at lower level and trade firm above 60.30 level up to 60.50 and 60.70 levels.

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 82.30 level should be taken as selling opportunity targeting 81.80 – 81.60 levels on lower side

* For Intraday session, it has support at 81.80 – 81.60 levels whereas resistance is placed at 82.30 – 82.50 levels

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