FxWirePro: Indian rupee falls past 66 per U.S. dollar for the first time since mid-March 2017, good to buy on dips

• 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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