FxWirePro: Indian rupee extends fall against U.S. dollar, hits life low of 69.63 mark

• USD/INR is currently trading around 69.47 marks.
   
• It made intraday high at 69.63 and low at 69.02 marks.
   
• Intraday bias remains bullish for the moment.
   
• Key resistances are seen at 69.63, 69.88 and 70.10 marks respectively.
   
• On the other side, initial supports are seen at 69.02, 68.65, 68.50 and 68.34 67.59 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 0.67 percent lower at 11,357.22 points while BSE Sensex was trading 0.66 points lower at 37,619.82 points.

We prefer to take long position on USD/INR around 69.35, stop loss at 69.02 and target of 69.88.