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- USD/INR is currently trading around 66.80 marks.
- It made intraday high at 66.98 and low at 66.57 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 66.98 mark.
- Key resistances are seen at 66.98, 67.20 and 67.48 marks respectively.
- On the other side, initial supports are seen at 66.57, 66.30, 66.16, 65.98, 65.75, 65.54, 65.38 and 65.12 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE Nifty was trading around 0.09 percent higher at 10,580.80 points while BSE Sensex was trading 0.11 points higher at 34,541.95 points.
We prefer to take long position in USD/INR around 66.75, stop loss at 66.44 and target of 67.20/67.48.
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