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- USD/INR is currently trading around 67.42 marks.
- It made intraday high at 67.42 and low at 67.31 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 67.52 mark.
- Key resistances are seen at 67.52, 67.62, 67.91, 68.15, 68.26, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
- On the other side, initial supports are seen at 67.26, 67.19, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.09 percent higher at 8,178.25 points and BSE Sensex was trading at 0.17 percent higher at 26,561.27 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position in USD/INR around 67.45, stop loss at 67.57 and target of 67.32/67.19.
