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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 73.00 levels whereas resistance is placed at 73.35 levels. The pair is expected to trade firm above 73.25 level up to 73.35 and 73.50 levels

* The EUR/INR futures pair has support at 88.70 levels whereas resistance is placed at 89.30 levels. The pair is expected to trade firm above 89.30 level up to 89.45 and 89.60 levels

* The GBP/INR futures pair has support at 102.80 levels whereas resistance is placed at 103.60 levels. The pair is expected to trade range bound until either side level is breached

* The JPY/INR futures pair has support at 66.60 levels whereas resistance is placed at 67 levels. The pair is expected to trade range bound until either side level is breached

CHART OF THE DAY

Strategy: Intraday

* USDINR pair is trading above upward sloping trend line

* The pair is likely to trade with positive bias and any pullback near immediate support of 73 level should be taken as buying opportunity targeting 73.35 – 73.50 levels on higher side

* For Intraday session, it has support at 73 – 72.85 levels whereas resistance is placed at 73.35 – 73.50 levels

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