- USD/INR is currently trading around 76.02 marks.
- It made intraday high at 76.09 and low at 75.78 marks.
- Intraday bias remains bullish till the time pair holds key support at 75.50 mark.
- Key resistances are seen at 76.40, 76.87, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.
- On the other side, initial supports are seen at 75.47, 74.90, 74.50, 73.74, 73.58, 73.00 and 72.58 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 was trading 0.09 pct lower at 9,258.55 points while BSE Sensex was trading 0.04 pct higher at 31,606.21 points.
We prefer to take long position on USD/INR around 75.90, stop loss at 75.70 and target of 76.40/76.87.
