• USD/INR is currently trading around 64.54 marks.
   
• It made intraday high at 64.65 and low at 64.48 marks.


• Intraday bias remains bearish till the time pair holds key resistance at 65.02 marks.  
   
• Key resistances are seen at 65.02, 65.18, 65.34, 65.52 and 65.80 marks respectively.


• On the other side, initial supports are seen at 64.48, 64.35, 64.27, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
   
• In addition, India’s NSE Nifty was trading around 0.60 percent higher at 9,415.15 points and BSE Sensex was trading at 0.51 percent higher at 30,457.39 points.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
  
  We prefer to go short on USD/INR only below 64.48, stop loss 64.75 and target of 64.27/63.95.