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- USD/INR is currently trading around 64.90 marks.
- It made intraday high at 64.96 and low at 64.65 marks.
- Intraday bias remains bullish till the time pair holds key support at 64.62 marks.
- Key resistances are seen at 64.96, 65.07, 65.20, 65.32, 65.48, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
- On the other side, initial supports are seen at 64.62, 64.48, 64.38, 64.29 and 64.05 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 0.23 percent lower at 10,424.70 points and BSE Sensex was trading at 0.08 percent higher 33,758.91 points.
We prefer to take long position in USD/INR around 64.85, stop loss at 64.62 and target of 65.07/65.20.
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