- USD/INR is currently trading around 64.60 marks.
- It made intraday high at 64.61 and low at 64.45 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.74 marks.
- Key resistances are seen at 64.74, 64.82, 64.92, 65.08, 65.15, 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
- On the other side, initial supports are seen at 64.48, 64.37, 64.19, 63.94, 63.65, 63.47 and 63.36 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.33 percent higher at 9,437.55 points and BSE Sensex was trading at 0.21 percent higher at 30,312.69 points.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to go short on USD/INR around 64.60, stop loss 64.74 and target of 64.37.
