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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.30 levels whereas resistance is placed at 74.60 levels. The pair is expected to trade firm above 74.60 levels up to 74.80 and 75.00 levels. 

 * The EUR/INR futures pair has support at 85.80 levels whereas resistance is placed at 86.20 levels. The pair is expected to trade weak below 85.80 levels up to 85.60 and 85.40 levels.

* The GBP/INR futures pair has support at 100.50 levels whereas resistance is placed at 101.00 levels. The pair is expected to trade weak below 100.50 levels up to 100.20 and 100.00 levels.

* The JPY/INR future pair has support at 65.60 levels whereas resistance is placed at 65.90 levels. The pair is expected to trade weak below 65.60 levels up to 65.40 and 65.20 levels.

CHART OF THE DAY

Strategy: Intraday

* USDINR pair traded with positive bias and managed to sustain above downward trend line in the last trading session.

* The pair is likely to trade with positive bias and any pullback near immediate support of 74.30 level should be taken as buying opportunity targeting 74.80 – 75.00 levels on higher side

* For Intraday session, it has support at 74.30 – 74.10 levels whereas resistance is placed at 74.80 – 75.00 levels

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