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- USD/INR is currently trading around 65.49 marks.
- It made intraday high at 65.80 and low at 65.39 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 66.00 marks.
- Key resistances are seen at 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
- On the other side, initial supports are seen at 65.34, 65.05, 64.82, 64.68 and 64.48 marks respectively.
- In addition, India’s NSE Nifty was trading around0.11 percent higher at 9,096.70 points and BSE Sensex was trading at 0.07 percent higher at 29,462.80 points.
We prefer to take short position in USD/INR around 65.60, stop loss at 65.80 and target of 65.34/65.05.
