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CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 
- USD/INR is currently trading around 65.44 marks.
- It made intraday high at 65.48 and low at 65.38 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 65.48 marks.
- Key resistances are seen at 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 65.32, 65.25, 65.12, 65.00, 64.87, 64.68 and 64.48 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.42 percent higher at 9,124.20 points and BSE Sensex was trading at 0.46 percent higher at 29,465.56 points.
We prefer to take long position in USD/INR only above 65.48, stop loss 65.20 and target of 65.80/66.00.
