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- USD/INR is currently trading around 68.00 marks.
- It made intraday high at 68.08 and low at 67.89 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 67.59 marks.
- Key resistances are seen at 68.08, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
- On the other side, initial supports are seen at 67.70, 67.59, 67.22, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.26 percent lower at 8,058.10 points and BSE Sensex was trading at 0.16 percent lower at 26,186.56 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/INR only above 68.08, stop loss 67.59 and target of 68.46.
