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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.50 levels whereas resistance is placed at 79.90 levels. The pair is expected to find support at lower levels and trade firm above 79.90 level up to 80.10 and 80.30 levels.

* The EUR/INR futures pair has support at 81.10 levels whereas resistance is placed at 81.60 levels. The pair is expected to trade range bound until either side level is breached.

* The GBP/INR futures pair has support at 96.30 levels whereas resistance is placed at 96.80 levels. The pair is expected to find resistance at higher levels and trade weak below 96.30 level up to 96.10 and 95.90 levels.

* The JPY/INR futures pair has support at 59.30 levels whereas resistance is placed at 59.70 levels. The pair is expected to find resistance at higher levels and trade weak below 59.30 level up to 59.10 and 58.90 levels.

Strategy: Intraday

* USDINR pair traded with positive bias and managed to closed above upward slopping support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 79.50 level should be taken as buying opportunity targeting 79.90 – 80.10 levels on higher side

* For Intraday session, it has support at 79.50 – 79.30 levels whereas resistance is placed at 79.90- 80.10 levels.

USDINR (DAILY CHART)

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