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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 74.20 levels whereas resistance is placed at 74.80 levels. The pair is expected to find resistance at higher levels and trade weak below 74.30 level up to 74.20 and 74 levels

The EUR/INR futures pair has support at 86.60 levels whereas resistance is placed at 87.30 levels. The pair is expected to range bound until either side level is breached

The GBP/INR futures pair has support at 100.90 levels whereas resistance is placed at 102 levels. The pair is expected to find resistance at higher levels and trade weak below 101.20 level up to 100.90 and 100.70 levels

The JPY/INR futures pair has support at 67.50 levels whereas resistance is placed at 68.10 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 failed to sustain at higher levels in the last trading session

It is having a resistance of downward sloping trend line and sustaining below the same

For Intraday session, it has support at 74.20 – 74 levels whereas resistance is placed at 74.60 – 74.80 levels

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