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…
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.
