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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.40 levels whereas resistance is placed at 76.80 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 80.70 levels whereas resistance is placed at 81.00 levels. The pair is expected to find support at lower levels and trade firm above 81.00 level up to 81.20 and 81.40 levels.

The GBP/INR futures pair has support at 95.70 levels whereas resistance is placed at 96.10 levels. The pair is expected to find support at lower levels and trade firm above 96.10 level up to 96.30 and 96.50 levels.

The JPY/INR futures pair has support at 58.90 levels whereas resistance is placed at 59.20 levels. The pair is expected to find support at lower levels and trade firm above 59.20 level up to 59.40 and 59.60 levels.

CHART OF THE DAY

Strategy: Intraday

JPYINR pair traded with mild negative bias but managed to closed above upward sloping trending line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 58.90 level should be taken as buying opportunity targeting 59.20 – 59.40 levels on higher side

For Intraday session, it has support at 58.90 –58.70 levels whereas resistance is placed at 59.20 – 59.40 levels

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