USDINR pair traded with positive bias and managed to closed above upward trending line in the last trading session - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 75.50 levels whereas resistance is placed at 75.80 levels. The pair is expected to find support at lower levels and trade firm above 75.80 level up to 76.00 and 76.20 levels
The EUR/INR futures pair has support at 85.40 levels whereas resistance is placed at 85.80 levels. The pair is expected to range bound until either side level is breached
The GBP/INR futures pair has support at 101.90 levels whereas resistance is placed at 102.40 levels. The pair is expected to find support at lower levels and trade firm above 102.40 level up to 102.60 and 102.80 levels
The JPY/INR futures pair has support at 65.40 levels whereas resistance is placed at 66.00 levels. The pair is expected to find support at lower levels and trade firm above 66.00 level up to 66.20 and 66.35 levels
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 75.50 level should be taken as buying opportunity targeting 75.80 – 76.00 levels on higher side
For Intraday session, it has support at 75.50 –75.30 levels whereas resistance is placed at 76.00 – 76.20 levels
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory