FxWirePro: USD/INR hovers around 68.70 mark, consistent close above 68.94 requires for upside rally

• USD/INR is currently trading around 68.70 marks.
   
• It made intraday high at 68.83 and low at 68.65 marks.
   
• Intraday bias remains neutral for the moment.
   
• Key resistances are seen at 68.82, 68.99, 69.18, 69.52 and 69.88 marks respectively.
   
• On the other side, initial supports are seen at 68.47, 68.34, 68.14, 67.97, 67.79 and 67.59 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 0.02 percent lower at 10,768.80 points while BSE Sensex was trading 0.04 points lower at 35,628.88 points.

We prefer to take long position on USD/INR pnly above 68.82, stop loss at 68.40 and target of 68.99/69.18.