FxWirePro: USD/INR jumps above 73.00 mark, hits highest level since Nov 2018
USD/INR is currently trading around 73.06 marks. It made intraday high at 73.11 and low at 72.49 marks. Intraday bias remains bullish for the moment. Key resistances are seen at 73.18, 73.37, 73.62 and 73.93 marks respec…
It made intraday high at 73.11 and low at 72.49 marks.
Intraday bias remains bullish for the moment.
Key resistances are seen at 73.18, 73.37, 73.62 and 73.93 marks respectively.
On the other side, initial supports are seen at 72.58, 71.80, 71.47, 71.22, 71.10, 70.90, 70.68, 70.47, 70.32, 70.10, 69.76 and 69.48 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 0.58 pct higher at 11,189.85 points and BSE sensex 0.36 pct higher at 38,262.10 points.
We prefer to take long position on USD/INR around 72.90, stop loss at 72.40 and target of 73.93.
