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- USD/INR is currently trading at 66.40 marks.
- It made intraday high at 66.54 and low at 66.33 levels.
- Intraday bias remains bearish for the moment.
- A daily close below 66.48 will drag the parity down towards 66.02, 65.96 and 65.67 levels thereafter.
- Alternatively, reversal from 66.33 will take the parity up around key resistances at 66.52/66.86/67.18 levels respectively.
We prefer to take short position in USD/INR around 66.50, stop loss 66.62 and target 66.22 levels.
