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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 75.30 levels whereas resistance is placed at 75.80 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 85.00 levels whereas resistance is placed at 85.40 levels. The pair is expected to trade firm above 85.40 levels up to 85.60 and 85.80 levels.

* The GBP/INR futures pair has support at 100.10 levels whereas resistance is placed at 100.40 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR future pair has support at 66.40 levels whereas resistance is placed at 66.70 levels. The pair is expected to trade firm above 66.70 levels up to 66.90 and 67.05 levels.

CHART OF THE DAY

Strategy: Intraday

* JPYINR pair traded with negative bias and trade in a tight pennant pattern

* The pair is likely to trade with positive bias and any pullback near immediate support of 66.40 level should be taken as buying opportunity targeting 66.70 – 66.90 levels on higher side

* For Intraday session, it has support at 66.40 – 66.20 levels whereas resistance is placed at 66.70 – 66.90 levels 

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