FxWirePro: USD/INR jumps above 69.00 mark, hits highest level since August 2013

• 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.