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FxWirePro: USD/INR hovers around key resistance at 64.94 mark, sustained close above targets 65.52 mark

  • USD/INR is currently trading around 64.91 marks.
     
  • It made intraday high at 64.96 and low at 64.81 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 64.96 marks.  
     
  • Key resistances are seen at 64.94, 65.02, 65.18, 65.34, 65.52 and 65.80 marks respectively.
     
  • On the other side, initial supports are seen at 64.68, 64.51, 64.27, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
     
  • In addition, India’s NSE Nifty was trading around 0.30 percent higher at 9,416.55 points and BSE Sensex was trading at 0.50 percent higher at 30,513.55 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 long on USD/INR only above 65.02, stop loss 64.68 and target of 65.20/65.52.
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