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- USD/INR is currently trading around 67.72 marks.
- It made intraday high at 67.82 and low at 67.70 marks.
- Intraday bias remains neutral till the time pair holds key support at 67.70 mark.
- Key resistances are seen at 67.83, 68.02, 68.15, 68.36, 68.50, 68.68, 68.83 and 68.98 marks respectively.
- On the other side, initial supports are seen at 67.70, 67.46, 67.38, 67.02, 66.82, 66.42, 66.30 and 66.16 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE Nifty was trading around 0.22 percent lower at 10,717.80 points while BSE Sensex was trading 0.18 points lower at 35,367.88 points.
We prefer to take short position on USD/INR only below 67.70, stop loss at 67.90 and target of 67.46.
