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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 73.90 levels whereas resistance is placed at 74.20 levels. The pair is expected to find resistance at higher levels and trade weak below 73.90 level up to 73.70 and 73.50 levels 

* The EUR/INR futures pair has support at 83.90 levels whereas resistance is placed at 84.20 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 100.60 levels whereas resistance is placed at 100.90 levels. The pair is expected to find support at lower levels and trade firm above 100.90 level up to 101.10 and 101.30 levels

* The JPY/INR futures pair has support at 64.10 levels whereas resistance is placed at 64.40 levels. The pair is expected to find resistance at higher levels and trade weak below 64.10 level up to 63.90 and 63.70 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with negative bias and managed to closed below downward trading line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 64.40 level should be taken as selling opportunity targeting 64.10 – 63.90 levels on lower side

* For Intraday session, it has support at 64.10 – 63.90 levels whereas resistance is placed at 64.40 – 64.60 levels.

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