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FxWirePro: Indian rupee opens almost flat at 66.56, intraday bias remains neutral

USD/INR is currently trading at 66.56 marks. It made intraday high at 66.57 and low at 66.50 levels. Intraday bias remains neutral for the moment. A daily close below 66.51 will drag the parity down towards 66.35, 65.96 …

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FxWirePro: Indian rupee opens almost flat at 66.56, intraday bias remains neutral
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  • USD/INR is currently trading at 66.56 marks.
     
  • It made intraday high at 66.57 and low at 66.50 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close below 66.51 will drag the parity down towards 66.35, 65.96 and 65.67 levels thereafter.  
     
  • Alternatively, reversal from 66.51 will take the parity up around key resistances at 66.86/67.18/67.37/67.70 levels respectively.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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