- USD/INR is currently trading around 69.32 marks.
- It made intraday high at 69.44 and low at 69.25 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 69.32 mark.
- Key resistances are seen at 69.52, 69.70, 69.98, 70.20, 70.51, 70.68 and 70.85 marks respectively.
- On the other side, initial supports are seen at 69.10, 68.87, 68.34, 67.88 and 67.67 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.03 percent higher at 11,672.58 points while BSE Sensex was trading 0.09 points higher at 38,898.87 points.
We prefer to take short position on USD/INR only below 69.10, stop loss 69.52 and target of 68.87/68.34.
