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USD/INR hovers around key resistance at 67.37, intraday bias remains neutral

Pair is currently trading at 67.40 levels. It made intraday high at 67.44 and low at 67.33 levels. Intraday bias remains neutral for the moment. A daily close above 67.37 is required for the some more upside movement. In…

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USD/INR hovers around key resistance at 67.37, intraday bias remains neutral
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  • Pair is currently trading at 67.40 levels.
     
  • It made intraday high at 67.44 and low at 67.33 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 67.37 is required for the some more upside movement.
     
  • Initial resistances are seen at 67.51, 67.78 and 67.91 levels thereafter.
     
  • Alternatively, reversal from key resistance will drag the parity down around 67.00 marks.
     
  • On the down side, key support levels are seen at 66.88, 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.

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