The USD/INR futures pair has support at 76.10 levels whereas resistance is placed at 76.40 levels - Monarch Networth
CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 76.10 levels whereas resistance is placed at 76.40 levels. The pair is expected to find support at lower levels and trade firm above 76.40 level up to 76.60 and 76.80 levels
The EUR/INR futures pair has support at 84.00 levels whereas resistance is placed at 84.40 levels. The pair is expected to find resistance at higher levels and trade weak below 84.00 level up to 83.80 and 83.60 levels
The GBP/INR futures pair has support at 100.10 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 64.20 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 64.20 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 64.20 – 64.40 levels
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