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- USD/INR is currently trading around 67.14 marks.
- It made intraday high at 67.16 and low at 67.02 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 66.94 marks.
- Key resistances are seen at 67.16, 67.28, 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 66.94, 66.77, 66.62, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.21, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.25 percent lower at 8,785.80 points and BSE Sensex was trading at 0.38 percent lower at 28,526.18 points.
We prefer to take long position in USD/INR around 67.12, stop loss at 66.77 and target of 67.52/67.71.
