Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/INR remains well supported below 64.00 mark, faces immediate support at 63.53 mark

  • USD/INR is currently trading around 63.64 marks.
     
  • It made intraday high at 63.69 and low at 63.59 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 63.95 marks.
     
  • Key resistances are seen at 63.70, 63.95, 64.03, 64.22, 64.48, 64.60, 64.82, 64.98, 65.09, 65.18, 65.34, 65.52 and 65.80 marks respectively.
     
  • On the other side, initial supports are seen at 63.53, 63.36 and 63.11 marks respectively.
     
  • In addition, India’s NSE Nifty was trading around 0.08 percent higher at 10,021.77 points and BSE Sensex was trading at 0.02 percent higher at 32,240.09 points.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.  

We prefer to take short position in USD/INR around 63.66, stop loss at 63.95 and target of 63.11.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.