- USD/INR is currently trading around 64.42 marks.
- It made intraday high at 64.52 and low at 64.32 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.62 marks.
- Key resistances are seen at 64.62, 64.78, 64.92, 65.03, 65.19, 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
- On the other side, initial supports are seen at 64.28, 64.17, 64.02 and 63.91 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.05 percent higher at 9,152.20 points and BSE Sensex was trading at 0.03 percent lower at 29,455.26 points.
- India will release WPI inflation data at 0630 GMT.
We prefer to go long on USD/INR around 64.35, stop loss 64.17 and target of 64.62/64.78.
