IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 75.00 levels whereas resistance is placed at 75.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 85.00 levels whereas resistance is placed at 85.40 levels. The pair is expected to find resistance at higher levels and trade weak below 85.00 level up to 84.80 and 84.60 levels

* The GBP/INR futures pair has support at 100.50 levels whereas resistance is placed at 100.90 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 65.40 levels whereas resistance is placed at 65.80 levels. The pair is expected to find resistance at higher levels and trade weak below 65.40 level up to 65.20 and 65.00 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 65.80 level should be taken as selling opportunity targeting 65.40 – 65.20 levels on higher side

* For Intraday session, it has support at 65.40 – 65.20 levels whereas resistance is placed at 65.80 – 66.00 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