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- USD/INR is currently trading around 65.73 marks.
- It made intraday high at 65.80 and low at 65.52 marks.
- Intraday bias remains bullish till the time pair holds key support at 65.52 marks.
- Key resistances are seen at 65.80, 66.20 and 66.46 marks respectively.
- On the other side, initial supports are seen at 65.52, 65.37, 65.26, 65.12, 64.82, 64.64, 64.53 and 64.29 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 Nifty was trading around 0.11 percent lower at 9,860.55 points and BSE Sensex was trading at 0.22 percent higher 31,668.30 points.
We prefer to take long position in USD/INR around 65.70, stop loss at 65.52 and target of 65.94/66.20.
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