FxWirePro: Indian rupee trades marginally lower against U.S. dollar, stay long only above 76.40 mark

• USD/INR is currently trading around 76.33 marks.
   
• It made intraday high at 76.38 and low at 76.02 marks.
   
• Intraday bias remains bullish for the moment.
   
• Key resistances are seen at 76.40, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.

• On the other side, initial supports are seen at 75.80, 74.50, 73.74, 73.58, 73.00 and 72.58 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 was trading 1.50 pct higher at 7,927.75 points and BSE Sensex was trading 1.62 pct higher at 27,104.29 points.

We prefer to take long position on USD/INR only above 76.40, stop loss at 75.80 and target of 77.41.