USD/INR well supported above 68.00, intraday bias remains neutral
Thursday, February 18, 2016 5:33 AM UTC
- Pair is well supported above 68.00 levels and currently trading at 68.45 levels.
- It made intraday high at 68.47 and low at 68.34 levels.
- Intraday bias remains neutral for the moment.
- 10, 25 and 50D EMA heads up and signals bullish trend.
- A daily close below 68.10 is requires to confirm the bearish trend.
- Alternatively, current upward trend will take the parity above 69 marks.
- Initial support levels are seen at 68.27, 68.10 and 67.50 marks.
- Resistance levels are seen at 68.52, 68.66, 69 and 69.22 thereafter.
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