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- USD/INR is currently trading around 68.41 marks.
- It made intraday high at 68.49 and low at 68.29 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 67.96 marks.
- Key resistances are seen at 68.66, 68.78 and 68.90 marks respectively.
- On the other side, initial supports are seen at 67.96, 67.72, 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 0.09 percent lower at 7,994.70 points and BSE Sensex was trading at 0.08 percent lower at 25,939.28 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 around 68.35, stop loss 67.96 and target of 68.90.
