- USD/INR is currently trading around 68.11 marks.
- It made intraday high at 68.12 and low at 68.04 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 67.72 marks.
- Key resistances are seen at 68.16, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
- On the other side, initial supports are seen at 67.72, 67.59, 67.22, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.27 percent lower at 8,052.90 points and BSE Sensex was trading at 0.01 percent lower at 26,146.56 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/INR around 68.05, stop loss 67.72 and target of 68.46.
