- USD/INR is currently trading around 68.88 marks.
- It made intraday high at 68.91 and low at 68.65 marks.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 68.94, 69.05, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.65, 68.50, 68.34, 68.15, 67.97, 67.79 and 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 0.26 percent lower at 11,446.22 points while BSE Sensex was trading 0.23 points lower at 37,930.82 points.
- India will release industrial output as well as manufacturing output data at 1130 GMT.
We prefer to take long position on USD/INR around 68.80, stop loss at 68.65 and target of 69.52.
