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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.40 levels whereas resistance is placed at 76.70 levels. The pair is expected to find support at lower levels and trade firm above 76.70 level up to 76.90 and 77.10 levels.

The EUR/INR futures pair has support at 82.40 levels whereas resistance is placed at 82.80 levels. The pair is expected to trade range bound until either side level is breached.

The GBP/INR futures pair has support at 99.30 levels whereas resistance is placed at 99.90 levels. The pair is expected to trade range bound until either side level is breached.

The JPY/INR futures pair has support at 59.40 levels whereas resistance is placed at 60.20 levels. The pair is expected to find resistance at higher levels and trade weak below 59.40 level up to 59.20 and 59.00 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 60.20 level should be taken as selling opportunity targeting 59.40 – 59.20 levels on lower side

For Intraday session, it has support at 59.40 –59.20 levels whereas resistance is placed at 60.20 – 60.40 levels

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