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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.20 levels whereas resistance is placed at 76.50 levels. The pair is expected to find resistance at higher levels and trade weak below 76.20 level up to 76.00 and 75.80 levels.

The EUR/INR futures pair has support at 84.00 levels whereas resistance is placed at 84.60 levels. The pair is expected to trade range bound until either side level is breached

The GBP/INR futures pair has support at 99.70 levels whereas resistance is placed at 100.30 levels. The pair is expected to find resistance at higher levels and trade weak below 99.70 level up to 99.50 and 99.30 levels.

The JPY/INR futures pair has support at 61.70 levels whereas resistance is placed at 62.10 levels. The pair is expected to find support at lower levels and trade firm above 62.10 level up to 62.30 and 62.50 levels

CHART OF THE DAY

Strategy: Intraday

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

The pair is likely to trade with negative bias and any pullback near immediate resistance of 76.50 level should be taken as selling opportunity targeting 76.20 – 76.00 levels on lower side

For Intraday session, it has support at 76.20 –76.00 levels whereas resistance is placed at 76.50 – 76.70 levels

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