- USD/INR is currently trading around 64.84 marks.
- It made intraday high at 64.95 and low at 64.83 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 65.02 marks.
- Key resistances are seen at 65.02, 65.20, 65.32, 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 0.30 percent lower at 10,333.70 points and BSE Sensex was trading at 0.21 percent lower 33,203.96 points.
We prefer to take short position in USD/INR around 64.90, stop loss at 65.02 and target of 64.75/64.62.
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