Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/INR hits fresh 2–month low, likely to fall further

  • Pair is currently trading at 66.73 levels.
     
  • It made intraday high at 66.95 and low at 66.72 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • Pair hits fresh 2- month low and likely to break key support at 66.51 marks.
     
  • A sustained break below 66.51 will drag the parity towards 66.17 levels.
     
  • Alternatively, a daily close above 67.10 is required to turn the bias bullish again.
     
  • Initial resistances are seen at 67.51, 67.78 and 67.91 levels thereafter.
     
  • On the down side, key support levels are seen at 66.68, 66.51 and 66.17 levels.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.