FxWirePro: USD/INR remains highly volatile in opening hours, hits record high at 74.99 mark

• USD/INR is currently trading around 73.83 marks.
   
• It made intraday high at 74.99 and low at 73.74 marks.
   
• Intraday bias remains neutral for the moment.
   
• Key resistances are seen at 75.10, 75.55, 75.90 and 76.12 marks respectively.

• On the other side, initial supports are seen at 73.74, 73.58, 73.00, 72.58, 71.80, 71.47, 71.22, 71.10 and 70.90 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• India’s NSE was trading 4.80 pct lower at 9,139.75 points and BSE Sensex was trading 4.56 pct lower at 31,270.05 points.

We prefer to take short position on USD/INR only below 73.72, stop loss at 75.00 and target of 72.58/71.80/71.47.