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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 73.90 levels whereas resistance is placed at 74.20 levels. The pair is expected to trade firm above 74.20 levels up to 74.40 and 74.55 levels.

The EUR/INR futures pair has support at 86.50 levels whereas resistance is placed at 86.90 levels. The pair is expected to trade range bound until either side level is breached.

The GBP/INR futures pair has support at 101.20 levels whereas resistance is placed at 101.70 levels. The pair is expected to trade firm above 101.70 levels up to 101.90 and 102.05 levels.

The JPY/INR future pair has support at 66.60 levels whereas resistance is placed at 67.00 levels. The pair is expected to trade weak below 66.60 levels up to 66.40 and 66.25 levels.

CHART OF THE DAY

USDINR Oct (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 73.90 level should be taken as buying opportunity targeting 74.20 – 74.40 levels on lower side

For Intraday session, it has support at 73.90 – 73.70 levels whereas resistance is placed at 74.20 – 74.40 levels

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