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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.70 levels whereas resistance is placed at 77.00 levels. The pair is expected to find support at lower levels and trade firm above 77.00 level up to 77.20 and 77.40 levels.

The EUR/INR futures pair has support at 82.10 levels whereas resistance is placed at 82.60 levels. The pair is expected to find resistance at higher levels and trade weak below 82.10 level up to 81.90 and 81.70 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 resistance at higher levels and trade weak below 97.50 level up to 97.30 and 97.10 levels.

The JPY/INR futures pair has support at 60.20 levels whereas resistance is placed at 60.60 levels. The pair is expected to find support at lower levels and trade firm above 60.60 level up to 60.80 and 61.00 levels.

CHART OF THE DAY

Strategy: Intraday

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

The pair is likely to trade with negative bias and any pullback near immediate resistance of 98.00 level should be taken as selling opportunity targeting 97.50 – 97.30 levels on lower 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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