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FxWirePro: Indian rupee trades marginally lower against U.S. dollar, faces strong resistance at 65.22

  • USD/INR is currently trading around 65.15 marks.
     
  • It made intraday high at 65.19 and low at 65.05 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 64.87 marks.  
     
  • Key resistances are seen at 65.13, 65.22, 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 65.00, 64.87, 64.72, 64.58 and 64.34 marks respectively.
     
  • In addition, India’s NSE Nifty was trading around 0.04 percent lower at 9,235.22 points and BSE Sensex was trading at 0.30 percent higher at 29,996.56 points.

We prefer to go long on USD/INR only above 65.22, stop loss 65.05 and target of 65.52.

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