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FxWirePro: USD/INR hovers around key support at 64.52 mark, India's BSE index hits record high

  • USD/INR is currently trading around 64.51 marks.
     
  • It made intraday high at 64.62 and low at 64.41 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 64.52 marks.  
     
  • Key resistances are seen at 65.75, 64.92, 65.02, 65.18, 65.34, 65.52 and 65.80 marks respectively.
     
  • On the other side, initial supports are seen at 64.52, 64.40, 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 0.02 percent lower at 9,593.55 points and BSE Sensex was trading at 0.27 percent higher at 30,944.64 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 take short position in USD/INR only below 64.40, stop loss at 64.75 and target of 64.27/63.95.

  • Market Data
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