FxWirePro: USD/INR remains well supported below 67.00 mark, stay bearish
USD/INR is currently trading around 66.67 marks. It made intraday high at 66.73 and low at 66.62 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.89 marks. Key resistances are seen at 66…
It made intraday high at 66.73 and low at 66.62 marks.
Intraday bias remains bearish till the time pair holds key resistance at 66.89 marks.
Key resistances are seen at 66.89, 67.01, 67.17, 67.31, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
On the other side, initial supports are seen at 66.52, 66.28, 66.10, 65.95 and 65.81 marks respectively.
In addition, India’s NSE Nifty was trading around 0.40 percent higher at 8,980.70 points and BSE Sensex was trading at 0.44 percent higher at 29,111 points.
We prefer to take short position in USD/INR only below 66.62, stop loss at 66.89 and target of 66.23.
