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FxWirePro: USD/INR likely to consolidate below 67.76, intraday bias remains bearish

Pair is currently trading around 67.27. It made intraday high at 67.51 and low at 67.25 levels. Intraday bias remains bearish till the time pair holds key resistance at 67.76 levels. On the down side, key support falls a…

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FxWirePro: USD/INR likely to consolidate below 67.76, intraday bias remains bearish
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  • Pair is currently trading around 67.27. 
     
  • It made intraday high at 67.51 and low at 67.25 levels. 
     
  • Intraday bias remains bearish till the time pair holds key resistance at 67.76 levels. 
     
  • On the down side, key support falls at 67.00 marks. A sustained break will target the 66.50/66.17 levels.  
     
  • A daily close above 67.76 will drag the parity back above 68.00/68.42 marks. 

We prefer to take long position in USD/INR around 67.20, stop loss 67.00 and target 67.51/67.76 levels. 

 

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