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- USD/INR is currently trading around 70.32 marks.
- It made intraday high at 70.38 and low at 70.22 marks.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 70.32, 70.56, 70.80 and 71.24 marks respectively.
- On the other side, initial supports are seen at 70.22, 69.94, 69.80, 69.52, 69.02, 68.65, 68.50 and 68.34 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 0.05 percent higher at 11,744.22 points while BSE Sensex was trading 0.08 points higher at 38,928.82 points.
We prefer to take long position on USD/INR around 70.30, stop loss at 69.64 and target of 70.56.
