FxWirePro: USD/INR opens marginally higher at 66.70, bias turns to bullish above 66.86
USD/INR is currently trading around 66.76 marks. It made intraday high at 66.76 and low at 66.67 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 66.86 marks. Key resistances are seen…
It made intraday high at 66.76 and low at 66.67 marks.
Intraday bias remains neutral till the time pair holds immediate resistance at 66.86 marks.
Key resistances are seen at 66.86, 67.04, 67.34, 67.52, 67.71, 67.84, 67.95, 68.02, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
On the other side, initial supports are seen at 66.62, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.23, 66.10, 65.95 and 65.81 marks respectively.
In addition, India’s BSE Sensex was trading 0.40 percent lower at 27,871.18 and NSE Nifty down by 0.60 percent at 8,572.25 points.
We prefer to take long position in USD/INR only above 66.86, stop loss at 66.62 and target of 67.08/67.32.
