- USD/INR is currently trading around 64.44 marks.
- It made intraday high at 64.45 and low at 64.39 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 64.48 marks.
- Key resistances are seen at 64.48, 64.60, 64.82, 64.98, 65.09, 65.18, 65.34, 65.52 and 65.80 marks respectively.
- On the other side, initial supports are seen at 64.35, 64.25, 64.18, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.51 percent higher at 9,965.50 points and BSE Sensex was trading at 0.46 percent higher at 32,177.60 points.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position in USD/INR only above 64.48, stop loss at 64.35 and target of 64.75/64.82.
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