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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.90 levels whereas resistance is placed at 76.20 levels. The pair is expected to find resistance at higher levels and trade weak below 75.90 level up to 75.70 and 75.50 levels.

The EUR/INR futures pair has support at 82.40 levels whereas resistance is placed at 83.00 levels. The pair is expected to trade range bound until either side level is breached.

The GBP/INR futures pair has support at 98.70 levels whereas resistance is placed at 99.70 levels. The pair is expected to trade range bound until either side level is breached.

The JPY/INR futures pair has support at 61.30 levels whereas resistance is placed at 61.60 levels. The pair is expected to find resistance at higher levels and trade weak below 61.30 level up to 61.10 and 60.90 levels.

CHART OF THE DAY

Strategy: Intraday

JPYINR 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 61.60 level should be taken as selling opportunity targeting 61.30 – 61.10 levels on lower side

For Intraday session, it has support at 61.30 –61.10 levels whereas resistance is placed at 61.60 – 61.80 levels

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