FxWirePro: Indian rupee trades marginally higher against U.S. dollar, good to sell on rallies
USD/INR is currently trading around 64.37 marks. It made intraday high at 64.61 and low at 64.28 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.78 marks. Key resistances are seen at 64…
It made intraday high at 64.61 and low at 64.28 marks.
Intraday bias remains bearish till the time pair holds key resistance at 64.78 marks.
Key resistances are seen at 64.78, 64.92, 65.03, 65.19, 65.34, 65.48, 65.64, 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 64.17, 64.02 and 63.91 marks respectively.
In addition, India’s NSE Nifty was trading around 0.17 percent lower at 9,189.20 points and BSE Sensex was trading at 0.20 percent lower at 29,594.26 points.
We prefer to go short on USD/INR around 64.38, stop loss 64.54 and target of 64.17/64.02.
