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- USD/INR is currently trading around 74.07 marks.
- It made intraday high at 74.18 and low at 73.74 marks.
- Intraday bias remains bullish till the time pair holds key support at 73.74 mark.
- Key resistances are seen at 74.47, 74.62, 75.10 and 75.55 marks respectively.
- On the other side, initial supports are seen at 73.74, 73.58, 73.00, 72.58, 71.80, 71.47, 71.22, 71.10 and 70.90 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 0.20 pct higher at 10,470.75 points and BSE Sensex was trading 0.28 pct higher at 35,726.05 points.
We prefer to take long position on USD/INR around 74.00, stop loss at 73.74 and target of 75.10.
