FxWirePro: USD/INR trades in narrow range, stay bearish only above 69.85 mark

• USD/INR is currently trading around 69.85 marks.
   
• It made intraday high at 69.85 and low at 69.77 marks.
   
• Intraday bias remains neutral till the time pair holds immediate resistance at 69.85 marks.
   
• Key resistances are seen at 69.85, 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.

• On the other side, initial supports are seen at 69.70, 69.48, 69.22, 68.92, 68.49, 67.88 and 67.67 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 index was trading 0.27 pct higher at 27,703.55 and BSE SENSEX was trading 0.32 pct higher at 39,086.55 points.

We prefer to take long position on USD/INR only above 69.85, stop loss 69.70 and target of 70.20/70.52.