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- USD/INR is currently trading around 66.27 marks.
- It made intraday high at 66.29 and low at 66.16 marks.
- Intraday bias remains bullish till the time pair holds key support at 65.75 mark.
- Key resistances are seen at 66.32, 66.48, 66.90 and 67.20 marks respectively.
- On the other side, initial supports are seen at 65.98, 65.75, 65.54, 65.38, 65.12, 64.87, 64.70, 64.60 and 64.42 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 0.35 percent higher at 10,600.80 points while BSE Sensex was trading 0.26 points higher at 34,505.95 points.
We prefer to take long position in USD/INR around 66.20, stop loss at 65.98 and target of 66.48/66.67.
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