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- USD/INR is currently trading around 68.52 marks.
- It made intraday high at 68.61 and low at 68.50 marks.
- Intraday bias remains neutral till the time pair holds immediate support at 68.45 marks.
- Key resistances are seen at 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
- On the other side, initial supports are seen at 68.45, 68.15, 67.99, 67.72, 67.59, 67.22, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.31 percent higher at 8,167.90 points and BSE Sensex was trading at 0.27 percent higher at 26,465.12 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position in USD/INR around 68.52, stop loss 68.72 and target of 68.20.
