FxWirePro: Indian rupee trades marginally lower against U.S. dollar, bias remains slightly bullish

• USD/INR is currently trading around 68.53 marks.
   
• It made intraday high at 68.53 and low at 68.38 marks.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 68.15 mark.
   
• Key resistances are seen at 68.75, 68.94, 69.05, 69.18, 69.52 and 69.88 marks respectively.
   
• On the other side, initial supports are seen at 68.15, 67.97, 67.79 and 67.59 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 Nifty was trading around 0.45 percent higher at 11,405.22 points while BSE Sensex was trading 0.42 points higher at 37,715.82 points.

We prefer to take long position on USD/INR around 68.50, stop loss at 68.32 and target of 68.75/69.05.