- USD/INR is currently trading around 68.20 marks.
- It made intraday high at 68.23 and low at 68.07 marks.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 68.23, 68.39, 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 68.02, 67.85, 67.67, 67.50, 67.32, 67.26, 67.19, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.03 percent higher at 8,244.70 points and BSE Sensex was trading at 0.09 percent lower at 26,735 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/INR only above 68.23, stop loss 67.90 and target of 68.49.
