FxWirePro: Indian rupee down as much as 0.35 pct to 66.73 per U.S. dollar, weakest level since March 2017

• USD/INR is currently trading around 66.72 marks.
   
• It made intraday high at 66.73 and low at 66.45 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 66.40 mark.
   
• Key resistances are seen at 66.89, 67.20 and 67.48 marks respectively.
   
• On the other side, initial supports are seen at 66.60, 66.30, 66.16, 65.98, 65.75, 65.54, 65.38 and 65.12 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 0.25 percent lower at 10,588.80 points while BSE Sensex was trading 0.34 points lower at 34,541.95 points.

We prefer to take long position in USD/INR around 66.67, stop loss at 66.40 and target of 67.20.

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