USD/INR likely to hold 67.50 - 68.75 in near term

• Pair is currently trading at 68.55 levels.
   
• It made intraday high at 68.65 and low at 68.49 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close below 68.18 marks will turn bias bearish and alternatively, a daily close above 68.75 levels will drag the parity towards 69.22 levels.
   
• Initial resistance levels are seen at 68.75, 69 and 69.22 levels.
   
• Key support levels are falls at 68.35, 68.18 and 68.00 levels.

We prefer to take short position in USD/INR around 68.60, stop loss 68.75 and target 68.00/67.72 levels.