FxWirePro: USD/INR fails to find support above 68.82 mark, bias remains slightly bearish

• USD/INR is currently trading around 68.52 marks.
   
• It made intraday high at 68.59 and low at 68.46 marks.
   
• Intraday bias remains slightly bearish till the time pair holds key resistance at 68.82 mark.
   
• Key resistances are seen at 68.82, 68.94, 69.05, 69.18, 69.52 and 69.88 marks respectively.
   
• On the other side, initial supports are seen at 68.38, 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 0.06 percent higher at 11,397.22 points while BSE Sensex was trading 0.10 points higher at 37,702.82 points.

We prefer to take short position on USD/INR around 68.55, stop loss at 68.70 and target of 68.15.