FxWirePro: USD/INR fails to fall below 64.75 mark, bias turns bullish again

• USD/INR is currently trading around 64.98 marks.
   
• It made intraday high at 64.99 and low at 64.80 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 64.75 marks.
   
• Key resistances are seen at 64.98, 65.13, 65.20, 65.35, 65.48, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
   
• On the other side, initial supports are seen at 64.75, 64.53 and 64.29 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 0.03 percent lower at 10,227.55 points and BSE Sensex was trading at 0.17 percent lower 32,579.73 points.

We prefer to take long position in USD/INR only around 64.90, stop loss at 64.74 and target of 65.11/65.35.

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