FxWirePro: USD/INR consolidates around 68.50 mark, India’s economic data in focus

• USD/INR is currently trading around 68.51 marks.
   
• It made intraday high at 68.64 and low at 68.48 marks.
   
• Intraday bias remains neutral for the moment.
   
• Key resistances are seen at 68.75, 68.94, 69.05, 69.18, 69.52 and 69.88 marks respectively.
   
• On the other side, initial supports are seen at 68.42, 68.15, 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 0.34 percent lower at 11,281.22 points while BSE Sensex was trading 0.37 points lower at 37,358.82 points.
   
• Late today, India will release fiscal deficit as well as intrastructure output data.

We prefer to take long position on USD/INR only above 68.75, stop loss at 68.42 and target of 69.18.