FxWirePro: USD/INR touches key resistance at 76.40 mark, sustained close above requires for upside rally

• USD/INR is currently trading around 76.24 marks.
   
• It made intraday high at 76.40 and low at 76.04 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 75.90 mark.
   
• Key resistances are seen at 76.40, 76.87, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.

• On the other side, initial supports are seen at 75.90, 75.47, 74.90, 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 0.60 pct higher at 8,972.55 points while BSE Sensex was trading 0.49 pct higher at 30,513.55 points.

We prefer to take long position on USD/INR around 74.20, stop loss at 75.90 and target of 76.87/77.00.