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- USD/INR is currently trading around 68.94 marks.
- It made intraday high at 69.03 and low at 68.87 marks.
- Intraday bias remains neutral till the time pair holds key support at 68.87 mark.
- Key resistances are seen at 69.10, 69.38, 69.85, 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.
- On the other side, initial supports are seen at 68.87, 68.49, 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 was trading 0.30 pct lower at 11,830.55 points and BSE Sensex was trading 0.32 pct lower at 39,560.44 points.
We prefer to take short position on USD/INR only below 68.87, stop loss 69.15 and target of 68.49.
