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

• USD/INR is currently trading around 67.58 marks.
   
• It made intraday high at 67.63 and low at 67.55 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 67.63 mark.
   
• Key resistances are seen at 67.63, 67.97, 68.10, 68.50, 68.68, 68.83 and 68.98 marks respectively.
   
• On the other side, initial supports are seen at 67.55, 67.38, 67.02, 66.82, 66.42, 66.30 and 66.16 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 0.17 percent higher at 10,860.80 points while BSE Sensex was trading 0.22 points higher at 35,768.88 points.

We prefer to take long position in USD/INR only above 67.63, stop loss at 67.50 and target of 67.97.

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