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- USD/INR is currently trading around 65.02 marks.
- It made intraday high at 65.03 and low at 64.94 marks.
- Intraday bias remains bullish till the time pair holds key support at 64.78 marks.
- Key resistances are seen at 65.08, 65.20, 65.32, 65.48, 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 64.92, 64.78, 64.53 and 64.29 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 0.50 percent higher at 10,374.70 points and BSE Sensex was trading at 0.55 percent higher 33,320.96 points.
We prefer to take long position in USD/INR around 65.00, stop loss at 64.92 and target of 65.20/65.32.
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