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CURRENCY TECHNICAL OUTLOOK

*  The USD/INR futures pair has support at 81.30 levels whereas resistance is placed at 81.80 levels. The pair is expected to find resistance at higher level and trade weak below 81.30 level up to 81.10 and 80.90 levels.

* The EUR/INR futures pair has support at 84.30 levels whereas resistance is placed at 84.70 levels. The pair is expected to find support at higher level and trade firm above 84.70 level up to 84.90 and 85.10 levels.

* The GBP/INR futures pair has support at 97.50 levels whereas resistance is placed at 98.00 levels. The pair is expected to find support at higher level and trade firm above 98.00 level up to 98.20 and 98.40 levels.

* The JPY/INR futures pair has support at 58.60 levels whereas resistance is placed at 59.00 levels. The pair is expected to find support at higher level and trade firm above 59.00 level up to 59.20 and 59.40 levels.

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias in the last trading session but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 97.50 level should be taken as buying opportunity targeting 98.00 – 98.20 levels on higher side

* For Intraday session, it has support at 97.50 – 97.30 levels whereas resistance is placed at 98.00 – 98.20 levels

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