The USD/INR futures pair has support at 75.80 levels whereas resistance is placed at 76.20 levels - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 75.80 levels whereas resistance is placed at 76.20 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 85.40 levels whereas resistance is placed at 85.90 levels. The pair is expected to find resistance at higher levels and trade weak below 85.40 level up to 85.20 and 85.00 levels
* The GBP/INR futures pair has support at 100.00 levels whereas resistance is placed at 100.50 levels. The pair is expected to find resistance at higher levels and trade weak below 100.00 level up to 99.80 and 99.60 levels
* The JPY/INR futures pair has support at 66.70 levels whereas resistance is placed at 67.10 levels. The pair is expected to range bound until either side level is breached
Strategy: Intraday
* GBPINR pair traded with negative bias and managed to closed within the rising channel in the last trading session
* The pair is likely to trade with negative bias and any pullback near immediate resistance of 100.50 level should be taken as selling opportunity targeting 100.00 – 99.80 levels on lower side
* For Intraday session, it has support at 100.00 – 99.80 levels whereas resistance is placed at 100.50 – 100.70 levels
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