FxWirePro: USD/INR exhibits range bound movement, bias remains neutral

• USD/INR is currently trading around 65.37 marks.
   
• It made intraday high at 65.39 and low at 65.32 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 65.25 marks.  
   
• Key resistances are seen at 65.52, 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 65.25, 65.12, 65.00, 64.87, 64.68 and 64.48 marks respectively.
   
• In addition, India’s NSE Nifty was trading around 0.34 percent higher at 9,060.20 points and BSE Sensex was trading at 0.31 percent higher at 29,258.56 points.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.