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- USD/INR is currently trading around 67.85 marks.
- It made intraday high at 67.85 and low at 67.45 marks.
- Intraday bias remains bullish till the time pair holds key support at 67.25 mark.
- Key resistances are seen at 67.80, 68.10, 68.50, 68.68, 68.83 and 68.98 marks respectively.
- On the other side, initial supports are seen at 67.45, 67.25, 67.02, 66.80, 66.68, 66.42, 66.30 and 66.16 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 0.20 percent lower at 10,669.80 points while BSE Sensex was trading 0.16 points lower at 35,108.88 points.
We prefer to take long position in USD/INR around 67.75, stop loss at 67.40 and target of 68.32.
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