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- USD/INR is currently trading around 66.64 marks.
- It made intraday high at 66.91 and low at 66.63 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 66.98 mark.
- Key resistances are seen at 66.98, 67.20 and 67.48 marks respectively.
- On the other side, initial supports are seen at 66.57, 66.44, 66.30, 66.16 and 65.98 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- India’s NSE Nifty was trading around 0.70 percent higher at 10,692.80 points while BSE Sensex was trading 0.77 points higher at 34,983.95 points.
We prefer to take long position in USD/INR only above 66.92, stop loss at 66.50 and target of 67.20/67.48.
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