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- USD/INR is currently trading around 74.26 marks.
- It made intraday high at 74.27 and low at 73.84 marks.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 74.40, 74.62, 75.10, 75.55, 75.90 and 76.12 marks respectively.
- On the other side, initial supports are seen at 73.74, 73.58, 73.00, 72.58, 71.80, 71.47, 71.22, 71.10 and 70.90 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE was trading 2.93 pct lower at 8,702.75 points and BSE Sensex was trading 2.83 pct lower at 29,741.11 points.
We prefer to take long position on USD/INR around 74.20, stop loss at 73.74 and target of 74.62/75.10.
