IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.40 levels whereas resistance is placed at 74.70 levels. The pair is expected to find support at lower levels and trade firm above 74.70 level up to 74.90 and 75.10 levels

* The EUR/INR futures pair has support at 84.40 levels whereas resistance is placed at 84.80 levels. The pair is expected to find resistance at higher levels and trade weak below 84.40 level up to 84.20 and 84.00 levels

* The GBP/INR futures pair has support at 101.30 levels whereas resistance is placed at 101.60 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 65.10 levels whereas resistance is placed at 65.30 levels. The pair is expected to find support at lower levels and trade firm above 65.30 level up to 65.50 and 65.70 levels

CHART OF THE DAY

Strategy: Intraday

* USDINR pair traded with positive bias and managed to closed above upward trending line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 74.40 level should be taken as buying opportunity targeting 74.70 – 74.90 levels on higher side

* For Intraday session, it has support at 74.30 – 74.10 levels whereas resistance is placed at 74.70 – 74.90 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