Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/INR hovers around 64.50 mark, consistent close below 64.46 targets 64.18 mark

  • USD/INR is currently trading around 64.51 marks.
     
  • It made intraday high at 64.53 and low at 64.46 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 64.63 marks.  
     
  • Key resistances are seen at 64.63, 64.85, 64.98, 65.09, 65.18, 65.34, 65.52 and 65.80 marks respectively.
     
  • On the other side, initial supports are seen at 64.46, 64.32, 64.27, 64.18, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
     
  • In addition, India’s NSE Nifty was trading around 0.20 percent higher at 9,790.70 points and BSE Sensex was trading at 0.21 percent higher at 31,762.02 points.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position in USD/INR around 64.52, stop loss at 64.63 and target of 64.40/64.32.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.