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CURRENCY TECHNICAL OUTLOOK

* The USD/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 EUR/INR futures pair has support at 84.70 levels whereas resistance is placed at 85.10 levels. The pair is expected to find support at higher level and trade firm above 85.10 level up to 85.30 and 85.50 levels.

* The GBP/INR futures pair has support at 98.50 levels whereas resistance is placed at 99.00 levels. The pair is expected to find support at higher level and trade firm above 99.00 level up to 99.20 and 99.40 levels.

* The JPY/INR futures pair has support at 59.60 levels whereas resistance is placed at 60.00 levels. The pair is expected to find support at higher level and trade firm above 60.00 level up to 60.20 and 60.40 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with positive bias in the last trading session and prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 59.60 level should be taken as buying opportunity targeting 60.00 – 60.20 levels on higher side

* For Intraday session, it has support at 59.60 – 59.40 levels whereas resistance is placed at 60.00 – 60.20 levels

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