FxWirePro: USD/INR remains well supported below 64.78 mark, sustained close below targets 64.47
USD/INR is currently trading around 64.67 marks. It made intraday high at 64.76 and low at 64.63 marks. Intraday bias remains bearish till the time pair holds key resistance at 64.78 marks. Key resistances are seen at 64…
It made intraday high at 64.76 and low at 64.63 marks.
Intraday bias remains bearish till the time pair holds key resistance at 64.78 marks.
Key resistances are seen at 64.78, 64.82, 64.92, 65.08, 65.15, 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
On the other side, initial supports are seen at 64.57, 64.47, 34.36, 64.28, 64.17, 64.02 and 63.91 marks respectively.
In addition, India’s NSE Nifty was trading around 0.24 percent higher at 9,125.20 points and BSE Sensex was trading at 0.25 percent higher at 29,404.96 points.
We prefer to go short on USD/INR around 64.70, stop loss 64.82 and target of 64.47/64.36.
