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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 73.40 levels whereas resistance is placed at 73.80 levels. The pair is expected to find resistance at higher levels and trade weak below 73.40 level up to 73.20 and 73.05 levels

The EUR/INR futures pair has support at 86.60 levels whereas resistance is placed at 87.00 levels. The pair is expected to find resistance at higher levels and trade weak below 86.60 level up to 86.40 and 86.25 levels

The GBP/INR futures pair has support at 100.80 levels whereas resistance is placed at 101.50 levels. The pair is expected to trade range bound until either side level is breached

The JPY/INR futures pair has support at 66.70 levels whereas resistance is placed at 67.30 levels. The pair is expected to trade range bound until either side level is breached

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

USDINR pair traded with negative bias and managed to sustain below downward sloping trend line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 73.80 level should be taken as selling opportunity targeting 73.40 – 73.20 levels on lower side

For Intraday session, it has support at 73.40 – 73.20 levels whereas resistance is placed at 73.80 – 74.00 levels

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