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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 resistance at higher levels and trade weak below 74.40 level up to 74.20 and 74.00 levels

* The EUR/INR futures pair has support at 84.20 levels whereas resistance is placed at 84.50 levels. The pair is expected to find support at lower levels and trade firm above 84.50 level up to 84.70 and 84.90 levels

* The GBP/INR futures pair has support at 100.70 levels whereas resistance is placed at 101.10 levels. The pair is expected to find support at lower levels and trade firm above 101.10 level up to 101.30 and 101.50 levels

* The JPY/INR futures pair has support at 64.30 levels whereas resistance is placed at 64.60 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair traded with negative bias but managed to closed above upward trading line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 100.70 level should be taken as buying opportunity targeting 101.10 – 101.30 levels on higher side

* For Intraday session, it has support at 100.70 – 100.50 levels whereas resistance is placed at 101.10 – 101.30 levels

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