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

• USD/INR is currently trading around 68.63 marks.
   
• It made intraday high at 68.66 and low at 68.56 marks.
   
• Intraday bias remains neutral for the moment.
   
• Key resistances are seen at 68.80, 69.18, 69.52 and 69.88 marks respectively.
   
• On the other side, initial supports are seen at 68.67, 68.34, 68.15, 67.97, 67.79 and 67.59 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 0.32 percent higher at 11,045.22 points while BSE Sensex was trading 0.36 points higher at 36,603.82 points.

We prefer to take long position on USD/INR only above 68.80, stop loss at 68.50 and target of 69.52.