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- USD/INR is currently trading around 68.04 marks.
- It made intraday high at 68.17 and low at 68.00 marks.
- Intraday bias remains neutral till the time pair holds key support at 67.97 mark.
- Key resistances are seen at 68.17, 68.36, 68.50, 68.68, 68.83 and 68.98 marks respectively.
- On the other side, initial supports are seen at 67.97, 67.83, 67.46, 67.38, 67.02, 66.82, 66.42, 66.30 and 66.16 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 0.23 percent higher at 10,734.80 points while BSE Sensex was trading 0.28 points higher at 35,383.88 points.
We prefer to take short position in USD/INR only below 67.97, stop loss at 68.20 and target of 67.46.
