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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.50 levels whereas resistance is placed at 74.80 levels. The pair is expected to find resistance at higher levels and trade weak below 74.50 level up to 74.30 and 74.10 levels

* The EUR/INR futures pair has support at 84.30 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 100.40 levels whereas resistance is placed at 101.00 levels. The pair is expected to range bound until either side level is breached

* 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 resistance at higher levels and trade weak below 64.80 level up to 64.60 and 64.40 levels

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with negative bias and managed to closed below downward trading line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 65.40 level should be taken as selling opportunity targeting 65.00 – 64.80 levels on lower side

* For Intraday session, it has support at 65.00 – 64.80 levels whereas resistance is placed at 65.40 – 65.60 levels

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