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- Pair is currently trading at 67.2650 levels.
- It made intraday high at 67.34 and low at 67.22 levels.
- A recent downfall from 68.74 likely to stop here and short term trend reversal is expected from key support level at 67.22 marks.
- A daily close below 67.22 will drag the parity more down towards 66.84 marks.
- In addition, pair likely to consolidates below key resistance levels at 67.58/68.00 marks thereafter.
We prefer to take long position in USD/INR around 67.05, stop loss 66.93 and target 67.45/67.62 levels.
