- USD/INR is currently trading around 74.13 marks.
- It made intraday high at 74.21 and low at 73.99 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 74.21 mark.
- Key resistances are seen at 74.28, 74.57, 74.77 and 74.95 marks respectively.
- On the other side, initial supports are seen at 73.60, 73.22, 72.89, 72.45, 72.12, 71.50, 71.33 and 71.13 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 0.35 percent higher at 10,352.20 points while BSE Sensex was trading 0.34 points higher at 34,479.82 points.
We prefer to take long position on USD/INR only above 74.21, stop loss at 73.80 and target of 74.57/74.88.
