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USD/INR back above 67.00 mark, buy on dips

Pair is currently trading at 67.19 levels. It made intraday high at 67.25 and low at 67.10 levels. Intraday bias remains bullish for the moment. A daily close below 66.88 will turn the bias bearish again. Alternatively, …

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USD/INR back above 67.00 mark, buy on dips
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  • Pair is currently trading at 67.19 levels.
     
  • It made intraday high at 67.25 and low at 67.10 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below 66.88 will turn the bias bearish again.
     
  • Alternatively, current rebound from 66.88 will take the parity towards key resistance at 67.35/67.51 levels thereafter.
     
  • On the down side, key support levels are seen at 66.88, 66.51 and 66.17 levels.

We prefer to take long position in USD/INR around 67.10, stop loss 66.88 and target 67.51/67.78 levels.

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