FxWirePro: Indian rupee marginally higher against U.S. dollar in early hours of Asia, faces strong support at 66.52
USD/INR is currently trading around 66.70 marks. It made intraday high at 66.77 and low at 66.64 marks. Intraday bias remains neutral till the time pair holds key support at 66.52 marks. Key resistances are seen at 66.92…
It made intraday high at 66.77 and low at 66.64 marks.
Intraday bias remains neutral till the time pair holds key support at 66.52 marks.
Key resistances are seen at 66.92, 67.01, 67.18, 67.31, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
On the other side, initial supports are seen at 66.52, 66.28, 66.10, 65.95 and 65.81 marks respectively.
In addition, India’s NSE Nifty was trading around 0.08 percent higher at 8,946.70 points and BSE Sensex was trading at 0.19 percent higher at 28,946 points.
We prefer to take short position in USD/INR around 66.80, stop loss at 67.01 and target of 66.52/66.28.
