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- USD/INR is currently trading around 65.14 marks.
- It made intraday high at 65.35 and low at 64.99 marks.
- Intraday bias remains bullish till the time pair holds key resistance at 64.99 marks.
- Key resistances are seen at 65.34, 65.52 and 65.80 marks respectively.
- On the other side, initial supports are seen at 64.99, 64.53, 64.29, 63.96, 63.87, 63.70, 63.62, 63.48, 63.36 and 63.11 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 0.87 percent lower at 10,034.55 points and BSE Sensex was trading at 0.70 percent lower 32,145.91 points.
We prefer to take long position in USD/INR around 65.10, stop loss at 64.80 and target of 65.52/65.68.
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