FxWirePro: USD//INR hovers around 69.00 mark, India’s economic data in focus

• USD/INR is currently trading around 68.82 marks.
   
• It made intraday high at 69.04 and low at 68.82 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 69.08 mark.
   
• Key resistances are seen at 69.18, 69.52 and 69.88 marks respectively.
   
• On the other side, initial supports are seen at 68.67, 68.34, 68.15, 67.97, 67.79 and 67.59 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 0.46 percent higher at 11,007.22 points while BSE Sensex was trading 0.43 points higher at 36,508.82 points.
   
• India will release bank loan growth and forex reserves data at 1130 GMT.

We prefer to take long position on USD/INR around 68.80, stop loss at 68.67 and target of 69.52.