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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 75.40 levels whereas resistance is placed at 75.90 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 85.10 levels whereas resistance is placed at 85.60 levels. The pair is expected to range bound until either side level is breached

* The GBP/INR futures pair has support at 99.90 levels whereas resistance is placed at 100.40 levels. The pair is expected to find support at lower levels and trade firm above 100.40 level up to 100.60 and 100.80 levels

* The JPY/INR futures pair has support at 66.25 levels whereas resistance is placed at 66.80 levels. The pair is expected to find resistance at higher levels and trade weak below 66.25 level up to 66.00 and 65.80 levels

CHART OF THE DAY

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 66.80 level should be taken as selling opportunity targeting 66.25 – 66.00 levels on lower side

* For Intraday session, it has support at 66.25 – 66.00 levels whereas resistance is placed at 66.80 – 67.00 levels

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