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- USD/INR is currently trading around 65.75 marks.
- It made intraday high at 65.77 and low at 65.74 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 65.79 mark.
- Key resistances are seen at 65.79, 65.85, 66.06 and 66.48 marks respectively.
- On the other side, initial supports are seen at 65.54, 65.38, 65.12, 64.87, 64.70, 64.60 and 64.42 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 0.31 percent higher at 10,557.80 points while BSE Sensex was trading 0.25 points higher at 34,419.95 points.
We prefer to take long position in USD/INR only above 65.79, stop loss at 65.54 and target of 66.06.
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