The USD/INR futures pair has support at 75.10 levels whereas resistance is placed at 75.50 levels - Monarch Networth Capital Ltd
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 75.10 levels whereas resistance is placed at 75.50 levels. The pair is expected to find support at lower levels and trade firm above 75.50 level up to 75.70 and 75.85 levels
* The EUR/INR futures pair has support at 83.70 levels whereas resistance is placed at 84.30 levels. The pair is expected to range bound until either side level is breached
* The GBP/INR futures pair has support at 100.60 levels whereas resistance is placed at 101.10 levels. The pair is expected to range bound until either side level is breached
* The JPY/INR futures pair has support at 65.00 levels whereas resistance is placed at 65.40 levels. The pair is expected to find resistance at higher levels and trade weak below 65.00 level up to 64.80 and 64.65 levels
CHART OF THE DAY
Strategy: Intraday
* USDINR pair traded with positive bias and managed to closed above upward trending line in the last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 75.10 level should be taken as buying opportunity targeting 75.50 – 75.70 levels on higher side
* For Intraday session, it has support at 75.10 – 74.90 levels whereas resistance is placed at 75.50 – 75.70 levels
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