FxWirePro: USD/INR trades in narrow range, consistent close above 64.68 targets 65.08
Wednesday, April 19, 2017 4:53 AM UTC
- 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, 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.