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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 77.00 levels whereas resistance is placed at 77.50 levels. The pair is expected to find support at lower levels and trade firm above 76.50 level up to 76.70 and 76.90 levels

The EUR/INR futures pair has support at 83.60 levels whereas resistance is placed at 84.10 levels. The pair is expected to range bound until either side level is breached

The GBP/INR futures pair has support at 101.40 levels whereas resistance is placed at 101.90 levels. The pair is expected to find resistance at higher levels and trade weak below 101.40 level up to 101.20 and 101.00 levels

The JPY/INR futures pair has support at 66.80 levels whereas resistance is placed at 67.40 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

Strategy: Intraday

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

The pair is likely to trade with positive bias and any pullback near immediate support of 77.00 level should be taken as buying opportunity targeting 77.50 – 77.70 levels on higher side

For Intraday session, it has support at 77.00 –76.80 levels whereas resistance is placed at 77.50 – 77.70 levels

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