FxWirePro: USD/INR opens slightly higher at 66.56, good to buy on dips
USD/INR opened at 66.56 marks vs 66.49 previous close. Intraday bias remains bullish till the time pair holds key support at 66.32 marks. A daily close below 66.32 will take the parity down around key supports at 66.23/6…
USD/INR opened at 66.56 marks vs 66.49 previous close.
Intraday bias remains bullish till the time pair holds key support at 66.32 marks.
A daily close below 66.32 will take the parity down around key supports at 66.23/66.10/65.95/65.81 marks respectively.
On the other side, key resistance levels are seen at 66.62/66.75/ 66.86/ 66.95/ 67.15 levels.
In addition, Indian stock markets are trading on a lower note. As BSE Sensex was trading 0.57% lower at 25,118 while NSE Nifty fell by 0.45% to 7,700 points.
Later today US will release NFP job results. This will provide further direction to the parity.
We prefer to take long position in USD/INR around 66.52, stop loss 66.32 and target 66.75/66.86 levels.
