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FxWirePro: USD/INR fails to break fresh 2 –week high of 66.84, intraday bias remains bearish

USD/INR is currently trading around 66.68. It made intraday high at 66.8350 and low at 66.66 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.84 marks. A daily close below 66.60 will tak…

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FxWirePro: USD/INR fails to break fresh 2 –week high of 66.84, intraday bias remains bearish
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  • USD/INR is currently trading around 66.68.
     
  • It made intraday high at 66.8350 and low at 66.66 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 66.84 marks. 
     
  • A daily close below 66.60 will take the parity down around key supports at 66.48/66.32/66.23/66.10/65.95/65.81 marks respectively.
     
  • On the other side, key resistance levels are seen at 66.84/ 66.95/ 67.15 levels.
     
  • In addition, Indian stock markets are trading on a mix note. As BSE Sensex was trading 0.16% lower at 25,730 while NSE Nifty up by 0.01% to 7,888 points.

We prefer to take short position in USD/INR around 66.70, stop loss 66.84 and target 66.48/66.32 levels.

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