The USD/INR futures pair has support at 73.40 levels whereas resistance is placed at 73.80 levels - Monarch Networth Capital
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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