FxWirePro: USD/INR trades in narrow range, bias remains neutral

• USD/INR is currently trading around 66.75 marks.
   
• It made intraday high at 66.82 and low at 66.67 marks.
   
• Intraday bias remains neutral for the moment.
   
• Key resistances are seen at 66.82, 66.98, 67.20 and 67.48 marks respectively.
   
• On the other side, initial supports are seen at 66.42, 66.30, 66.16 and 65.98 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 0.07 percent lower at 10,732.80 points while BSE Sensex was trading 0.04 points higher at 35,174.95 points.
   
• India April Nikkei markit manufacturing PMI increase to 51.6 (forecast 51.3 ) vs previous 51.

We prefer to take long position in USD/INR only above 66.82, stop loss at 66.58 and target of 67.10.

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