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- USD/INR is currently trading around 68.94 marks.
- It made intraday high at 69.18 and low at 68.83 marks.
- Intraday bias remains bullish the time pair holds key support at 68.35 mark.
- Key resistances are seen at 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.83, 68.43, 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 0.45 percent lower at 10,623.80 points while BSE Sensex was trading 0.32 points lower at 35,105.88 points.
We prefer to take long position on USD/INR around 68.89, stop loss at 68.50 and target of 69.18/69.52.
