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- USD/INR is currently trading around 64.51 marks.
- It made intraday high at 64.61 and low at 64.50 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.75 mark.
- Key resistances are seen at 64.75, 64.87, 64.95, 65.12, 65.28, 65.49, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
- On the other side, initial supports are seen at 64.37, 64.22 and 64.05 marks respectively.
- India’s NSE Nifty was trading around 0.14 percent lower at 10,212.75 points and BSE Sensex was trading at 0.18 percent lower 33,090.18 points.
We prefer to take short position in USD/INR around 64.55, stop loss at 64.75 and target of 64.37/64.22/64.05.
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