Daily Currency Technical Report 29 July,2015 - Emkay Commotrade

July. USDINR pair retraced lower throughout yesterday's session and the pair closed at 63.91 levels with a cut of 0.47%. Failure to trade above 64 levels will see prices dip towards 63.80-63.75 levels. Buying at lower levels can help prices rebound towards 64.10164.20 levels again. Major resistance for the pair is seen at 64.40 levels.

July. EURINR pair opened on a negative note and prices closed down with a cut of 0.84% yesterday. Immediate resistance on the upside is seen at 71.30 levels whereas support for the pair is seen around 70.20 levels. Failure to break below this support will see prices rebound towards 70.80 levels. A daily close below 70 20 will see prices 69.80 levels.

July. JPYINR pair opened with a negative gap and prices moved lower to close at 51.67 levels with a cut of 0.84% yesterday. Failure to break below 51 50 will see prices rebound towards 51.80/51.85 levels again. A daily close below 51 50 will be negative for the pair.

GBPINR pair on a flat note yesterday. The pair can attempt a breakout above resistance at 100 levels. Immediate support for the pair is seen around 99-98.80 zones. A decisive breakout above 100 levels will see prices rally towards 101 levels.