The pair took support at 136.36 and managed to bounce back towards the 50WSma. The pair has weekly resistance at 138.32 levels. The pair is trading near the resistance zone at 138-138.32 levels. On the down side, it has support at 136.20. Once it breaks the 136.20-136 level, the panic will be triggered for the short term towards 134, 132.30 and 131.20 levels. A weekly close above 138.32, the bulls will regain the strength to make 139.25 and 140 levels. The pair was rejected at the broken symmetric triangle, support became resistance. It held the support at 20DSma 137.40.

Weekly

Resistance: 138.32, 139.25, 140.

Support: 137.40, 136.60, 136.36.

A day close above 138.22, the weekly outlook turns positive.

A weekly close above 138.32, the monthly outlook turns positive.

Intraday cmp 137.63

The pair is facing resistance at 21hrSma 137.71. It made a high at 137.71 (6hr high) and support at 137.61 (6hr low). If it hits 137.61, it will take support at 137.40 (35hr Sma). We recommend to sell only below 137.40 for 137.14-137.0, 136.90, 136.75 and 136.60 levels.

Support: 137.60, 137.40, 137.10.

Resistance: 137.71, 138.05, 138.15.

Sell only below 137.40.