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- USD/INR is currently trading around 69.63 marks.
- It made intraday high at 69.75 and low at 69.54 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 69.90, 70.20, 70.38, 70.56, 70.80 and 71.24 marks respectively.
- On the other side, initial supports are seen at 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 0.10 percent higher at 11,570.22 points while BSE Sensex was trading 0.12 points higher at 38,324.82 points.
We prefer to take short position on USD/INR only below 69.52, stop loss at 69.90 and target of 69.02.
