Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/INR trades in narrow range, consistent close below 68.31 requires for downside rally

  • USD/INR is currently trading around 68.43 marks.
     
  • It made intraday high at 68.49 and low at 68.41 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 68.55 mark.
     
  • Key resistances are seen at 68.55, 68.80, 69.10, 69.38 and 69.85 marks respectively.
  • On the other side, initial supports are seen at 68.31, 68.12, 67.88, 67.47, 67.26 and 66.60 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. 
     
  • India’s NSE was trading 0.34 pct higher at 11,626.55 points and BSE Sensex was trading 0.33 pct higher at 39,023.44 points.

We prefer to take short position on USD/INR only below 68.31, stop loss 68.55 and target of 67.88.

  • Market Data
Close

Welcome to EconoTimes

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