FxWirePro: USD/INR rejects key resistance at 68.11 mark, intraday bias remains neutral

• USD/INR is currently trading around 67.89 marks.
   
• It made intraday high at 68.01 and low at 67.88 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 67.81 mark.
   
• Key resistances are seen at 67.95, 68.11, 68.26, 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 67.81, 67.64, 67.50, 67.32, 67.26, 67.19, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
   
• In addition, India’s NSE Nifty was trading around 0.03 percent lower at 8,076.70 points and BSE Sensex was trading at 0.06 percent higher at 26,327.05 points.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take long position in USD/INR only above 67.95, stop loss at 67.81 and target of 68.11/68.26.