- USD/INR is currently trading around 64.61 marks.
- It made intraday high at 64.62 and low at 64.50 marks.
- Intraday bias remains neutral till the time pair holds key support at 64.48 marks.
- Key resistances are seen at 64.75, 64.92, 65.02, 65.20, 65.32, 65.48, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
- On the other side, initial supports are seen at 64.48, 64.29 and 64.05 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- India’s NSE Nifty was trading around 0.06 percent lower at 10,437.70 points and BSE Sensex was trading at 0.02 percent higher 33,605.91 points.
We prefer to take short position in USD/INR only below 64.48, stop loss at 64.70 and target of 64.29.
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