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- USD/INR is currently trading around 65.26 marks.
- It made intraday high at 65.31 and low at 65.19 marks.
- Intraday bias remains bullish till the time pair holds key support at 64.99 marks.
- Key resistances are seen at 65.35, 65.48, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
- On the other side, initial supports are seen at 65.18, 65.01, 64.92, 64.75, 64.53 and 64.29 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE Nifty was trading around 0.53 percent higher at 10,264.55 points and BSE Sensex was trading at 0.77 percent higher 32,859.96 points.
We prefer to take long position in USD/INR around 65.20, stop loss at 65.07 and target of 65.35/65.48.
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