- USD/INR is currently trading around 67.75 marks.
- It made intraday high at 67.90 and low at 67.64 marks.
- Intraday bias remains bullish till the time pair holds key support at 67.50 mark.
- Key resistances are seen at 67.96, 68.15, 68.26, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
- On the other side, initial supports are seen at 67.50, 67.32, 67.26, 67.19, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.22 percent lower at 8,164.25 points and BSE Sensex was trading at 0.28 percent lower at 26,528.27 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/INR only above 67.96, stop loss at 67.48 and target of 68.26/68.49.
