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- USD/INR is currently trading around 75.40 marks.
- It made intraday high at 75.66 and low at 75.11 marks.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 75.80, 76.40, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.
- On the other side, initial supports are seen at 74.93, 74.50, 73.74, 73.58, 73.00 and 72.58 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE was trading 2.80 pct lower at 8,415.75 points and BSE Sensex was trading 2.97 pct lower at 28,905.88 points.
We prefer to take long position on USD/INR around 75.35, stop loss at 75.10 and target of 75.80/76.40.
