IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.30 levels whereas resistance is placed at 74.60 levels. The pair is expected to trade firm above 74.60 levels up to 74.80 and 74.95 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 trade weak below 86.60 levels up to 86.40 and 86.25 levels.

* The GBP/INR futures pair has support at 100.20 levels whereas resistance is placed at 100.70 levels. The pair is expected to trade weak below 100.20 levels up to 100.00 and 99.85 levels.

* The JPY/INR future pair has support at 66.60 levels whereas resistance is placed at 67.10 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

USDINR Oct (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with positive bias and managed to sustain above upward sloping trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 74.30 level should be taken as buying opportunity targeting 74.60 – 74.80 levels on higher side

* For Intraday session, it has support at 74.30 – 74.10 levels whereas resistance is placed at 74.60 – 74.80 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