IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 72.75 levels whereas resistance is placed at 73.10 levels. The pair is expected to trade weak below 72.85 levels up to 72.75 and 72.60 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 weak below 88.85 levels up to 88.70 and 88.50 levels.

* The GBP/INR futures pair has support at 102.85 levels whereas resistance is placed at 103.65 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 66.65 levels whereas resistance is placed at 67 levels. The pair is expected to trade weak below 66.75 levels up to 66.65 and 66.50 levels.

CHART OF THE DAY

Strategy: Intraday

* USDINR pair is trading below down ward sloping trendline.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 73.10 level should be taken as selling opportunity targeting 72.75 – 72.60 levels on lower side.

* For Intraday session, it has support at 72.75 – 72.60 levels whereas resistance is placed at 73.10 – 73.25 levels.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime