- USD/INR is currently trading around 64.09 marks.
- It made intraday high at 64.17 and low at 64.09 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.27 mark.
- Key resistances are seen at 64.27, 64.48, 64.67, 64.78, 64.87, 64.95, 65.12 and 65.28 marks respectively.
- On the other side, initial supports are seen at 64.02, 63.90, 63.68 and 63.45 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.74 percent higher at 10,411.95 points and BSE Sensex was trading at 0.60 percent higher 33,646.65 points.
We prefer to take short position in USD/INR around 64.12, stop loss at 64.27 and target of 63.90/63.78.
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