FxWirePro: USD/INR breaks key resistance at 69.90 mark, good to buy on dips

• USD/INR is currently trading around 69.91 marks.
   
• It made intraday high at 69.97 and low at 69.81 marks.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 69.52 mark.
   
• Key resistances are seen at 69.90, 70.20, 70.38, 70.56, 70.80 and 71.24 marks respectively.
   
• On the other side, initial supports are seen at 69.81, 69.52, 69.02, 68.65, 68.50 and 68.34 marks respectively.

• 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 long position on USD/INR around 69.90, stop loss at 69.75 and target of 70.38.