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- USD/INR is currently trading around 65.44 marks.
- It made intraday high at 65.48 and low at 65.35 marks.
- Intraday bias remains bullish till the time pair holds key support at 65.30 marks.
- Key resistances are seen at 65.50, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
- On the other side, initial supports are seen at 65.26, 65.12, 64.82, 64.64, 64.53 and 64.29 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 0.45 percent higher at 10,061.55 points and BSE Sensex was trading at 0.46 percent higher 32,071.10 points.
We prefer to take long position in USD/INR around 65.38, stop loss at 65.30 and target of 65.58/65.72.
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