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- USD/INR is currently trading around 74.20 marks.
- It made intraday high at 74.36 and low at 74.13 marks.
- Intraday bias remains neutral till the time pair holds key support at 74.13 mark.
- Key resistances are seen at 74.28, 74.57, 74.77 and 74.95 marks respectively.
- On the other side, initial supports are seen at 74.13, 73.86, 73.60, 73.48, 73.22, 72.89, 72.45, 72.12, 71.50, 71.33 and 71.13 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 1.27 percent higher at 10,413.20 points while BSE Sensex was trading 1.30 points higher at 34,711.82 points.
We prefer to take long position on USD/INR around 74.20, stop loss at 74.00 and target of 74.57.
