Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/INR stabilizes below 73.50 mark, short term trend reversal likely

  • USD/INR is currently trading around 73.36 marks.
     
  • It made intraday high at 73.42 and low at 73.18 marks.
     
  • Intraday bias remains neutral time pair holds key support at 73.20 mark.
     
  • Key resistances are seen at 73.45, 73.70, 73.82, 74.28, 74.57, 74.77 and 74.95 marks respectively.
  • On the other side, initial supports are seen at 73.10, 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 0.36 percent higher at 10,622.20 points while BSE Sensex was trading 0.52 points higher at 35,338.86 points.

We prefer to take short position on USD/INR around 73.40, stop loss at 73.70 and target of 72.70.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.