FxWirePro: USD/INR remains well supported below 64.78 mark, sustained close below targets 64.47
Thursday, April 20, 2017 7:57 AM UTC
- 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 64.78, 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.