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- USD/INR is currently trading at 66.52 marks.
- It made intraday high at 66.56 and low at 66.47 levels.
- Intraday bias remains bullish till the time pair holds key support at 66.32 marks.
- A daily close below 66.32 will take the parity down around key supports at 66.10/65.95 levels respectively.
- On the top side, key resistance levels are seen at 66.50/66.64/66.86/66.95/ 67.15 levels.
- In addition, Indian stock markets are trading on a lower note. As BSE Sensex was trading 0.26% lower at 25,808 while NSE Nifty fell 0.37% to 7881 points.
- Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend.
We prefer to take long position in USD/INR around 66.50, stop loss 66.32 and target 66.89 levels.
