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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.20 levels whereas resistance is placed at 76.70 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 82.60 levels whereas resistance is placed at 82.90 levels. The pair is expected to find resistance at higher levels and trade weak below 82.60 level up to 82.40 and 82.20 levels.

The GBP/INR futures pair has support at 98.50 levels whereas resistance is placed at 99.00 levels. The pair is expected to find resistance at higher levels and trade weak below 98.50 level up to 98.30 and 98.10 levels.

The JPY/INR futures pair has support at 59.50 levels whereas resistance is placed at 59.90 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

GBPINR pair traded with negative bias and managed to closed below downward sloping trending line in the last trading session.

The pair is likely to trade with negative bias and any pullback near immediate resistance of 99.00 level should be taken as selling opportunity targeting 98.50 – 98.30 levels on lower side

For Intraday session, it has support at 98.50 –98.30 levels whereas resistance is placed at 99.00 – 99.20 levels

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