The USD/INR futures pair has support at 82.60 levels whereas resistance is placed at 82.90 levels - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 82.60 levels whereas resistance is placed at 82.90 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 90.30 levels whereas resistance is placed at 90.70 levels. The pair is expected to range bound until either side level is breached
* The GBP/INR futures pair has support at 106.00 levels whereas resistance is placed at 106.30 levels. The pair is expected to find support at lower and trade firm above 106.30 level up to 106.40 and 106.50 levels
* The JPY/INR futures pair has support at 56.40 levels whereas resistance is placed at 56.80 levels. The pair is expected to find support at lower and trade firm above 56.80 level up to 56.90 and 57.00 levels
Strategy: Intraday
* JPYINR pair traded with positive bias in the last trading session; and prices are trading above upward trend line.
* The pair is likely to trade with positive bias and any pullback near immediate support of 56.40 level should be taken as buying opportunity targeting 56.80 – 56.90 levels on higher side
* For Intraday session, it has support at 56.40 – 56.30 levels whereas resistance is placed at 56.80 –56.90 levels
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