The pair is expected to trade firm above 73.80 levels up to 74.00 and 74.15 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 73.50 levels whereas resistance is placed at 73.90 levels. The pair is expected to trade firm above 73.80 levels up to 74.00 and 74.15 levels.
The EUR/INR futures pair has support at 87.00 levels whereas resistance is placed at 87.40 levels. The pair is expected to trade weak below 87.00 levels up to 86.80 and 86.65 levels.
The GBP/INR futures pair has support at 101.20 levels whereas resistance is placed at 101.80 levels. The pair is expected to trade range bound until either side level is breached.
The JPY/INR future pair has support at 66.70 levels whereas resistance is placed at 67.00 levels. The pair is expected to trade firm above 67.00 levels up to 67.20 and 67.35 levels.
CHART OF THE DAY
JPYINR (DAILY CHART)
Strategy: Intraday
JPYINR pair traded with positive bias and managed to sustain above upward sloping trend line in the last trading session
The pair is likely to trade with positive bias and any pullback near immediate support of 66.70 level should be taken as buying opportunity targeting 67.00 – 67.20 levels on higher side
For Intraday session, it has support at 66.70 – 66.50 levels whereas resistance is placed at 67.00 – 67.20 levels
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory