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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.20 levels whereas resistance is placed at 76.50 levels. The pair is expected to find resistance at higher levels and trade weak below 76.20 level up to 76.00 and 75.80 levels

The EUR/INR futures pair has support at 83.70 levels whereas resistance is placed at 84.30 levels. The pair is expected to find support at lower levels and trade firm above 84.30 level up to 84.50 and 84.70 levels.

The GBP/INR futures pair has support at 100.50 levels whereas resistance is placed at 101.00 levels. The pair is expected to trade range bound until either side level is breached.

The JPY/INR futures pair has support at 62.70 levels whereas resistance is placed at 63.10 levels. The pair is expected to find resistance at higher levels and trade weak below 62.70 level up to 62.50 and 62.30 levels.

CHART OF THE DAY

Strategy: Intraday

JPYINR 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 83.90 level should be taken as selling opportunity targeting 62.70 – 62.50 levels on lower side

For Intraday session, it has support at 62.70 –62.50 levels whereas resistance is placed at 63.10 – 63.30 levels

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