FxWirePro: USD/INR exhibits range bound movement, upside limited
USD/INR is currently trading around 66.95 marks. It made intraday high at 66.96 and low at 66.82 marks. Intraday bias remains neutral till the time pair holds key resistance at 67.01 marks. Key resistances are seen at 67…
It made intraday high at 66.96 and low at 66.82 marks.
Intraday bias remains neutral till the time pair holds key resistance at 67.01 marks.
Key resistances are seen at 67.07, 67.20, 67.31, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
On the other side, initial supports are seen at 66.85, 66.78, 66.64, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
In addition, India’s NSE Nifty was trading around 0.13 percent higher at 8,735.70 points and BSE Sensex was trading at 0.07 percent higher at 28,176 points.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
