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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.10 levels whereas resistance is placed at 81.50 levels. The pair is expected to find support at lower level and trade firm above 81.50 level up to 81.70 and 81.90 levels.

* The EUR/INR futures pair has support at 84.60 levels whereas resistance is placed at 85.10 levels. The pair is expected to find resistance at higher level and trade weak below 84.60 level up to 84.40 and 84.20 levels.

* The GBP/INR futures pair has support at 96.50 levels whereas resistance is placed at 97.10 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 58.20 levels whereas resistance is placed at 58.60 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* USDINR pair traded with positive bias and managed to closed above upward slopping support trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 81.10 level should be taken as buying opportunity targeting 81.50 – 81.70 levels on higher side

* For Intraday session, it has support at 81.10 – 80.90 levels whereas resistance is placed at 81.50 – 81.70 levels

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