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…
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.
