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- USD/INR is currently trading around 68.42 marks.
- It made intraday high at 68.43 and low at 68.23 marks.
- Intraday bias remains bullish till the time pair holds key support at 68.22 mark.
- Key resistances are seen at 68.40, 68.58, 68.80, 68.99, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.22, 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 0.42 percent higher at 11,055.22 points while BSE Sensex was trading 0.34 points higher at 36,647.82 points.
We prefer to take short position on USD/INR around 68.47, stop loss at 68.60 and target of 68.22.
