IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.20 levels. The pair is expected to find support at lower level and trade firm above 82.20 level up to 82.40 and 82.60 levels.

* The EUR/INR futures pair has support at 89.40 levels whereas resistance is placed at 90.00 levels. The pair is expected to find resistance at higher level and trade weak below 89.40 level up to 89.20 and 89.00 levels.

* The GBP/INR futures pair has support at 100.20 levels whereas resistance is placed at 100.80 levels. The pair is expected to find resistance at higher level and trade weak below 100.20 level up to 100.00 and 99.80 levels.

* The JPY/INR futures pair has support at 63.80 levels whereas resistance is placed at 64.30 levels. The pair is expected to find resistance at higher level and trade weak below 63.80 level up to 63.60 and 63.40 levels.

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 81.80 level should be taken as buying opportunity targeting 82.20 – 82.40 levels on higher side

* For Intraday session, it has support at 81.80 – 81.60 levels whereas resistance is placed at 82.20 – 82.40 levels

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer