FxWirePro: Indian rupee opens higher at 66.50 against US dollar, intraday bias remains bullish
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 …
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.
