- USD/INR is currently trading around 65.26 marks.
- It made intraday high at 65.33 and low at 65.09 marks.
- Intraday bias remains bullish till the time pair holds key support at 64.80 mark.
- Key resistances are seen at 65.36, 65.48, 65.65 and 65.82 marks respectively.
- On the other side, initial supports are seen at 65.08, 64.87, 64.70, 64.60, 64.42, 64.22, 64.02, 63.87, 63.68, 63.47, 63.22 and 63.17 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 0.08 percent lower at 10,408.80 points while BSE Sensex was trading 0.03 points higher at 33,951.23 points.
- India will release industrial output data at 1130 GMT.
We prefer to take long position in USD/INR around 65.17, stop loss at 65.00 and target of 65.36/65.48.
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