FxWirePro: USD/INR trades in narrow range, consistent close above 64.68 targets 65.08
USD/INR is currently trading around 64.63 marks. It made intraday high at 64.69 and low at 64.60 marks. Intraday bias remains bullish till the time pair holds key support at 64.47 marks. Key resistances are seen at 64.67…
It made intraday high at 64.69 and low at 64.60 marks.
Intraday bias remains bullish till the time pair holds key support at 64.47 marks.
Key resistances are seen at 64.67, 64.82, 64.92, 65.08, 65.15, 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
On the other side, initial supports are seen at 64.47, 34.36, 64.28, 64.17, 64.02 and 63.91 marks respectively.
In addition, India’s NSE Nifty was trading around 0.03 percent lower at 9,102.20 points and BSE Sensex was trading at 0.08 percent lower at 29,294.96 points.
Yesterday India released WPI inflation data.
We prefer to go long on USD/INR only above 64.68, stop loss 64.47 and target of 64.82/65.08.
