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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 84.50 levels whereas resistance is placed at 84.90 levels. The pair is expected to range bound until either side level is breached

The GBP/INR futures pair has support at 101.40 levels whereas resistance is placed at 101.80 levels. The pair is expected to find resistance at higher levels and trade weak below 101.40 level up to 101.20 and 101.00 levels

The JPY/INR futures pair has support at 64.80 levels whereas resistance is placed at 65.10 levels. The pair is expected to find support at lower levels and trade firm above 65.10 level up to 65.30 and 65.50 levels

CHART OF THE DAY

Strategy: Intraday

GBPINR pair traded with negative bias and managed to closed below upward trending line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 101.80 level should be taken as selling opportunity targeting 101.40 – 101.20 levels on lower side

For Intraday session, it has support at 101.40 –101.20 levels whereas resistance is placed at 101.80 – 102.00 levels

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