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

• Pair is currently trading at 68.1050 marks.
   
• It made intraday high at 68.19 and low at 68.06 levels.
   
• A daily close above 68.46 marks will take the parity towards new multi year high above 69.22 levels.
   
• On the other side, recent downfall from 68.46 levels will likely to reach around 67.50 marks.
   
• Initial support levels are seen at 68.00, 67.85 and 67.25 thereafter.
   
• Resistance levels are seen around 68.46, 68.75 and 69.22levels.

We prefer to take short position on USD/INR around 68.20, stop loss 68.46 and target 67.50 levels.