IGI Logo

CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.00 levels whereas resistance is placed at 76.50 levels. The pair is expected to trade range bound until either side level is breached. 

The EUR/INR futures pair has support at 82.60 levels whereas resistance is placed at 82.90 levels. The pair is expected to find resistance at higher levels and trade weak below 82.60 level up to 82.40 and 82.20 levels. 

The GBP/INR futures pair has support at 99.10 levels whereas resistance is placed at 99.40 levels. The pair is expected to find resistance at higher levels and trade weak below 99.10 level up to 98.90 and 98.70 levels. 

The JPY/INR futures pair has support at 60.50 levels whereas resistance is placed at 60.90 levels. The pair is expected to find resistance at higher levels and trade weak below 60.50 level up to 60.30 and 60.10 levels

CHART OF THE DAY

Strategy: Intraday

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

The pair is likely to trade with negative bias and any pullback near immediate resistance of 60.90 level should be taken as selling opportunity targeting 60.50 – 60.30 levels on lower side 

For Intraday session, it has support at 60.50 –60.30 levels whereas resistance is placed at 60.90 – 61.10 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