IGI Logo

CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.70 levels whereas resistance is placed at 76.10 levels. The pair is expected to find support at lower levels and trade firm above 76.10 level up to 76.30 and 76.50 levels

The EUR/INR futures pair has support at 83.80 levels whereas resistance is placed at 84.10 levels. The pair is expected to find resistance at higher levels and trade weak below 83.80 level up to 83.60 and 83.40 levels

The GBP/INR futures pair has support at 99.90 levels whereas resistance is placed at 100.30 levels. The pair is expected to find support at lower levels and trade firm above 100.30 level up to 100.50 and 100.70 levels

The JPY/INR futures pair has support at 63.90 levels whereas resistance is placed at 64.30 levels. The pair is expected to find resistance at higher levels and trade weak below 63.90 level up to 63.70 and 63.50 levels

CHART OF THE DAY

Strategy: Intraday

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

The pair is likely to trade with negative bias and any pullback near immediate resistance of 64.30 level should be taken as selling opportunity targeting 63.90 – 63.70 levels on lower side

For Intraday session, it has support at 63.90 –63.70 levels whereas resistance is placed at 64.30 – 64.50 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