IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.60 levels whereas resistance is placed at 83.00 levels. The pair is expected to find support at lower level and trade firm above 83.00 level up to 83.20 and 83.40 levels.

* The EUR/INR futures pair has support at 87.70 levels whereas resistance is placed at 88.30 levels. The pair is expected to find resistance at higher level and trade weak below 87.70 level up to 87.50 and 87.30 levels.

* The GBP/INR futures pair has support at 99.80 levels whereas resistance is placed at 100.40 levels. The pair is expected to find resistance at higher level and trade weak below 99.80 level up to 99.60 and 99.40 levels.

* The JPY/INR futures pair has support at 61.80 levels whereas resistance is placed at 62.40 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with a positive bias in the last trading session; and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 82.60 level should be taken as buying opportunity targeting 83.00 – 83.20 levels on higher side

* For Intraday session, it has support at 82.60 – 82.40 levels whereas resistance is placed at 83.00 – 83.20 levels

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer