- USD/INR is currently trading around 73.06 marks.
- It made intraday high at 73.11 and low at 72.49 marks.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 73.18, 73.37, 73.62 and 73.93 marks respectively.
- On the other side, initial supports are seen at 72.58, 71.80, 71.47, 71.22, 71.10, 70.90, 70.68, 70.47, 70.32, 70.10, 69.76 and 69.48 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 was trading 0.58 pct higher at 11,189.85 points and BSE sensex 0.36 pct higher at 38,262.10 points.
We prefer to take long position on USD/INR around 72.90, stop loss at 72.40 and target of 73.93.
