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Indian rupee opens lower at 66.86, intraday bias remains bearish

USD/INR is currently trading at 66.78 marks. It made intraday high at 66.86 and low at 66.7650 levels. Intraday bias remains bearish till the time pair holds key resistance at 66.92 levels. A daily close above 66.95 will…

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Indian rupee opens lower at 66.86, intraday bias remains bearish
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  • USD/INR is currently trading at 66.78 marks.
     
  • It made intraday high at 66.86 and low at 66.7650 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 66.92 levels.
     
  • A daily close above 66.95 will take the parity up around key resistances at 67.18/67.37/67.70 levels respectively.
     
  • Alternatively, a current rebound from 66.92 will take the parity down towards key supports at 66.58, 66.35 and 65.96 marks.

We prefer to take short position in USD/INR around 66.80, stop loss 66.95 and target 66.58/ 66.35 levels.

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