FxWirePro: Indian rupee opens at 66.20 against U.S. dollar after PM Modi's ruling party wins elections in Uttar Pradesh
USD/INR is currently trading around 66.22 marks. It made intraday high at 66.24 and low at 66.14 marks. Intraday bias remains neutral till the time pair holds key support at 66.12 marks. Key resistances are seen at 66.32…
It made intraday high at 66.24 and low at 66.14 marks.
Intraday bias remains neutral till the time pair holds key support at 66.12 marks.
Key resistances are seen at 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
On the other side, initial supports are seen at 66.12, 65.95 and 65.81 marks respectively.
In addition, India’s NSE Nifty was trading around 1.70 percent higher at 9,085.70 points and BSE Sensex was trading at 1.66 percent higher at 29,432.80 points.
We prefer to take short position in USD/INR around 66.30, stop loss at 66.48 and target of 65.95.
