• USD/INR is currently trading around 66.86 marks.
   
• It made intraday high at 66.87 and low at 66.83 marks.
   
• Intraday bias remains neutral till the time pair holds immediate resistance at 66.86 marks.
   
• Key resistances are seen at 66.86, 66.98, 67.05, 67.34, 67.52, 67.71, 67.84, 67.95, 68.02, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
   
• On the other side, initial supports are seen at 66.62, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.23, 66.10, 65.95 and 65.81 marks respectively.
   
• In addition, India’s BSE Sensex was trading 0.09 percent lower at 28,157.18 and NSE Nifty down by 0.16 percent at 8,697.70 points.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
   
• RBI will release interest rate decision at 0530 GMT.
  
  We prefer to take long position in USD/INR only above 67.05, stop loss at 66.62 and target of 67.32/67.48.