IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.60 levels whereas resistance is placed at 83.00 levels. The pair is expected to find resistance at higher level and trade weak below 82.60 level up to 82.40 and 82.20 levels.

* The EUR/INR futures pair has support at 86.90 levels whereas resistance is placed at 87.30 levels. The pair is expected to find support at lower level and trade firm above 86.30 level up to 87.50 and 87.70 levels.

* The GBP/INR futures pair has support at 97.90 levels whereas resistance is placed at 98.40 levels. The pair is expected to find support at lower level and trade firm above 98.40 level up to 98.60 and 98.80 levels.

* The JPY/INR futures pair has support at 61.60 levels whereas resistance is placed at 62.00 levels. The pair is expected to find support at lower level and trade firm above 62.00 level up to 62.20 and 62.40 levels.

CHART OF THE DAY

USDINR (DAILY CHART)

Strategy: Intraday

* USDINR pair traded with positive bias in the last trading session; but prices are trading below upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 83.00 level should be taken as selling opportunity targeting 82.60 – 82.40 levels on lower side

* For Intraday session, it has support at 82.60 – 82.40 levels whereas resistance is placed at 83.00 – 83.20 levels

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer