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- USD/INR is currently trading around 65.18 marks.
- It made intraday high at 65.27 and low at 65.18 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 65.32 marks
- Key resistances are seen at 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 65.07, 64.98, 64.87, 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 0.10 percent lower at 10,338.70 points and BSE Sensex was trading at 0.24 percent higher 33,452.91 points.
We prefer to take long position in USD/INR only above 65.30, stop loss at 65.07 and target of 65.48/65.72.
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