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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.70 levels whereas resistance is placed at 76.20 levels. The pair is expected to find support at lower levels and trade firm above 76.20 level up to 76.40 and 76.60 levels.

The EUR/INR futures pair has support at 82.70 levels whereas resistance is placed at 83.30 levels. The pair is expected to trade range bound until either side level is breached.

The GBP/INR futures pair has support at 99.00 levels whereas resistance is placed at 99.60 levels. The pair is expected to find support at lower levels and trade firm above 99.60 level up to 99.80 and 100.00 levels.

The JPY/INR futures pair has support at 61.30 levels whereas resistance is placed at 61.60 levels. The pair is expected to find support at lower levels and trade firm above 61.60 level up to 61.80 and 62.00 levels.

CHART OF THE DAY

Strategy: Intraday

USDINR pair traded with positive bias and managed to closed above downward sloping trending line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 75.70 level should be taken as buying opportunity targeting 76.20 – 76.40 levels on higher side

For Intraday session, it has support at 75.70 –75.50 levels whereas resistance is placed at 76.20 – 76.40 levels

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