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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.10 levels whereas resistance is placed at 74.50 levels. The pair is expected to trade weak below 74.10 levels up to 73.90 and 73.70 levels.

* The EUR/INR futures pair has support at 85.80 levels whereas resistance is placed at 86.20 levels. The pair is expected to trade firm above 86.20 levels up to 86.40 and 86.60 levels.

* The GBP/INR futures pair has support at 100.00 levels whereas resistance is placed at 100.40 levels. The pair is expected to trade firm above 100.40 levels up to 100.60 and 100.80 levels.

* The JPY/INR future pair has support at 65.30 levels whereas resistance is placed at 65.80 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

* USDINR pair traded with negative bias and managed to sustain below downward trend line in the last trading session.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 74.50 level should be taken as selling opportunity targeting 74.10 – 73.90 levels on lower side

* For Intraday session, it has support at 74.10 – 73.90 levels whereas resistance is placed at 74.50 – 74.70 levels

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