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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.40 levels whereas resistance is placed at 75.90 levels. The pair is expected to trade firm above 75.70 levels up to 75.90 and 76.10 levels.

The EUR/INR futures pair has support at 87.10 levels whereas resistance is placed at 87.60 levels. The pair is expected to trade weak below 87.10 levels up to 86.90 and 86.70 levels.

The GBP/INR futures pair has support at 102.60 levels whereas resistance is placed at 103.10 levels. The pair is expected to trade range bound until either side level is breached.

The JPY/INR future pair has support at 66.50 levels whereas resistance is placed at 67.00 levels. The pair is expected to trade weak below 66.50 levels up to 66.30 and 66.10 levels.

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

USDINR pair traded with positive bias and managed to sustain above upward sloping trend line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 75.40 level should be taken as buying opportunity targeting 75.90 – 76.10 levels on higher side

For Intraday session, it has support at 75.40 – 75.20 levels whereas resistance is placed at 75.70 – 75.90 levels

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