Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/INR exhibits range bound movment, sustained close below 69.90 requires for downside rally

  • USD/INR is currently trading around 70.14 marks.
     
  • It made intraday high at 70.18 and low at 70.97 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • Key resistances are seen at 70.20, 70.38, 70.56, 70.80 and 71.24 marks respectively.
     
  • On the other side, initial supports are seen at 69.90, 69.52, 69.02, 68.65, 68.50 and 68.34 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 0.75 percent higher at 11,470.22 points while BSE Sensex was trading 0.77 points higher at 37,950.82 points.

We prefer to take short position on USD/INR only below 69.90, stop loss at 70.38 and target of 69.52.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.