FxWirePro: USD/INR rejects key resistance at 67.18 mark, good to sell on rallies
USD/INR is currently trading around 67.06 marks. It made intraday high at 67.13 and low at 67.04 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.18 marks. Key resistances are seen at 67…
It made intraday high at 67.13 and low at 67.04 marks.
Intraday bias remains bearish till the time pair holds key resistance at 67.18 marks.
Key resistances are seen at 67.18, 67.31, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
On the other side, initial supports are seen at 67.01, 66.85, 66.78, 66.64, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
In addition, India’s NSE Nifty was trading around 0.15 percent higher at 8,835.70 points and BSE Sensex was trading at 0.06 percent higher at 28,484 points.
We prefer to take short position in USD/INR around 67.09, stop loss at 67.15 and target of 66.78.
