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- USD/INR is currently trading around 68.51 marks.
- It made intraday high at 68.64 and low at 68.48 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 68.75, 68.94, 69.05, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.42, 68.15, 67.97, 67.79 and 67.59 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 0.34 percent lower at 11,281.22 points while BSE Sensex was trading 0.37 points lower at 37,358.82 points.
- Late today, India will release fiscal deficit as well as intrastructure output data.
We prefer to take long position on USD/INR only above 68.75, stop loss at 68.42 and target of 69.18.
