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- USD/INR is currently trading around 68.82 marks.
- It made intraday high at 68.95 and low at 68.75 marks.
- Intraday bias remains slightly bullish for the moment.
- Key resistances are seen at 68.99, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.62, 68.47, 68.34, 68.14, 67.97, 67.79 and 67.59 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 0.38 percent higher at 10,790.80 points while BSE Sensex was trading 0.31 points higher at 35,685.87 points.
We prefer to take long position on USD/INR around 68.75, stop loss at 68.62 and target of 68.99/69.18.
