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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.00 levels whereas resistance is placed at 75.30 levels. The pair is expected to trade firm above 75.30 levels up to 75.50 and 75.65 levels.

The EUR/INR futures pair has support at 85.00 levels whereas resistance is placed at 85.50 levels. The pair is expected to trade rangebound until either side level is breached.

The GBP/INR futures pair has support at 100.00 levels whereas resistance is placed at 100.40 levels. The pair is expected to trade weak below 100.00 levels up to 99.80 and 99.60 levels.

The JPY/INR future pair has support at 66.20 levels whereas resistance is placed at 66.50 levels. The pair is expected to trade firm above 66.50 levels up to 66.70 and 66.85 levels.

CHART OF THE DAY

Strategy: Intraday

USDINR pair traded with negative bias but managed to sustain above upward trend line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 75.00 level should be taken as buying opportunity targeting 75.30 – 75.50 levels on higher side

For Intraday session, it has support at 75.00 – 74.80 levels whereas resistance is placed at 75.30 – 75.50 levels

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