FxWirePro: USD/INR his fresh 5-week high at 65.53 mark, stay bullish
USD/INR is currently trading around 65.53 marks. It made intraday high at 65.54 and low at 65.37 marks. Intraday bias remains bullish for the moment. Key resistances are seen at 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 a…
It made intraday high at 65.54 and low at 65.37 marks.
Intraday bias remains bullish for the moment.
Key resistances are seen at 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 65.48, 65.30, 65.08, 64.98, 64.92, 64.84, 64.70, 64.62, 64.48, 64.38, 64.29 and 64.05 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 0.25 percent lower at 10,298.70 points and BSE Sensex was trading at 0.21 percent lower 33,300.91 points.
We prefer to take long position in USD/INR around 65.50, stop loss at 65.30 and target of 65.72/65.85.
