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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.50 levels whereas resistance is placed at 81.90 levels. The pair is expected to find support at lower level and trade firm above 81.90 level up to 82.10 and 82.30 levels.

* The EUR/INR futures pair has support at 84.30 levels whereas resistance is placed at 84.90 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 96.50 levels whereas resistance is placed at 97.00 levels. The pair is expected to find support at lower level and trade firm above 97.00 level up to 97.20 and 97.40 levels.

* The JPY/INR futures pair has support at 58.20 levels whereas resistance is placed at 58.60 levels. The pair is expected to find resistance at higher level and trade weak below 58.20 level up to 58.00 and 57.80 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with sideways to positive bias and managed to closed below upward slopping resistance trend line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 58.60 level should be taken as selling opportunity targeting 58.20 – 58.00 levels on lower side

* For Intraday session, it has support at 58.20 – 58.00 levels whereas resistance is placed at 58.60 – 58.80 levels

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