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FxWirePro: USD/INR rejects key support at 66.35, intraday bias remains neutral

  • USD/INR is currently trading at 66.59 marks.
     
  • It made intraday high at 66.63 and low at 66.51 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close below 66.35 will take the parity back around key support at 66.18/65.95 levels respectively.
     
  • Alternatively, reversal from key support will turn bias slightly bullish and take the parity back above 67.00 marks.
     
  • On the top side, key resistance levels are seen at 66.70, 66.95, 67.15 and 67.70 levels.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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