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USD/INR well supported above 68.00 mark, short on rallies

Pair is currently trading at marks. It made intraday high at and low at levels. A daily close above marks will take the parity towards new multi year high above levels. On the other side, recent downfall from levels will…

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USD/INR well supported above 68.00 mark, short on rallies
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  • Pair is currently trading at marks.
     
  • It made intraday high at and low at levels.
     
  • A daily close above marks will take the parity towards new multi year high above levels.
     
  • On the other side, recent downfall from levels will likely to reach around marks.
     
  • Initial support levels are seen at , and thereafter.
     
  • Resistance levels are seen around , and INR 69.22levels.

We prefer to take short position on USD/INR around , stop loss and target levels. 

 

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