FxWirePro: Indian rupee strengthens against U.S. dollar, stay bearish

• USD/INR is currently trading around 64.40 marks.
   
• It made intraday high at 64.59 and low at 64.39 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 64.62 mark.
   
• Key resistances are seen at 64.62, 64.75, 64.87, 64.95, 65.12, 65.28, 65.49, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
   
• On the other side, initial supports are seen at 64.37, 64.22 and 64.05 marks respectively.
   
• India’s NSE Nifty was trading around 0.15 percent higher at 10,138.95 points and BSE Sensex was trading at 0.16 percent higher 32,882.05 points.
  
  We prefer to take short position in USD/INR around 64.42, stop loss at 64.62 and target of 64.22/64.05.

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