Indian rupee hits fresh monthly high against US dollar, intraday bias remains bearish

• USD/INR is currently trading at 67.08 levels.
   
• It made intraday high at 67.17 and low at 66.95 levels.
   
• Intraday bias remains bearish for the moment.
   
• A daily close below 66.95 will drag the parity towards key support area around 66.77 and 66.48 levels thereafter.
   
• Alternatively, reversal and sustained break above 67.00 will take the parity around 67.78 levels.
   
• Key support levels are seen at 66.95, 66.55 and 66.12 levels.
   
• On the top side key resistance are seen at 67.33, 67.45 and 67.78 marks.

We prefer to take short position in USD/INR around 67.15, stop loss 67.55 and target 66.55 levels.