Thursday, October 15, 2026

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FxWirePro: Indian rupee strengthens against US dollar, good to sell on rallies

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 …

By Cynthia Firey Eakin
1 min read
FxWirePro: Indian rupee strengthens against US dollar, good to sell on rallies
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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.

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By FxWirePro Team