FxWirePro: USD/INR touches 73.82 mark in opening hours, stay long
USD/INR is currently trading around 73.77 marks. It made intraday high at 73.82 and low at 73.00 marks. Intraday bias remains bullish for the moment. Key resistances are seen at 73.93, 74.12, 74.46, 74.68 and 75.10 marks…
It made intraday high at 73.82 and low at 73.00 marks.
Intraday bias remains bullish for the moment.
Key resistances are seen at 73.93, 74.12, 74.46, 74.68 and 75.10 marks respectively.
On the other side, initial supports are seen at 72.58, 71.80, 71.47, 71.22, 71.10, 70.90, 70.68, 70.47, 70.32, 70.10, 69.76 and 69.48 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 0.13 pct lower at 11,288.75 points and BSE sensex 0.17 pct lower at 38,556.05 points.
India’s Nikkei services PMI stands at 57.5 vs 55.5 previous release (expected 52.9).
We prefer to take long position on USD/INR around 73.70, stop loss at 72.90 and target of 74.46/74.68.
