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- USD/INR is currently trading around 65.97 marks.
- It made intraday high at 66.06 and low at 65.74 marks.
- Intraday bias remains bullish till the time pair holds key support at 65.52 marks.
- Key resistances are seen at 66.20, 66.46, 66.68 and 66.79 marks respectively.
- On the other side, initial supports are seen at 65.74, 65.52, 65.37, 65.26, 65.12, 64.82, 64.64, 64.53 and 64.29 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 0.07 percent higher at 9,742.55 points and BSE Sensex was trading at 0.22 percent higher 31,225.10 points.
We prefer to take long position in USD/INR around 65.87, stop loss at 65.70 and target of 66.20/66.46.
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