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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 77.30 levels whereas resistance is placed at 77.50 levels. The pair is expected to find support at lower levels and trade firm above 77.50 level up to 77.70 and 77.90 levels.

The EUR/INR futures pair has support at 81.60 levels whereas resistance is placed at 81.90 levels. The pair is expected to find resistance at higher levels and trade weak below 81.60 level up to 81.40 and 81.20 levels.

The GBP/INR futures pair has support at 95.30 levels whereas resistance is placed at 95.80 levels. The pair is expected to find resistance at higher levels and trade weak below 95.30 level up to 95.10 and 94.90 levels.

The JPY/INR futures pair has support at 59.50 levels whereas resistance is placed at 59.90 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

GBPINR 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 95.80 level should be taken as selling opportunity targeting 95.30 – 95.10 levels on lower side

For Intraday session, it has support at 95.30 –95.10 levels whereas resistance is placed at 95.80 – 96.00 levels

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