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- USD/INR is currently trading around 73.83 marks.
- It made intraday high at 73.88 and low at 73.62 marks.
- Intraday bias remains bullish till the time pair holds key support at 73.42 mark.
- Key resistances are seen at 73.82, 74.28, 74.57, 74.77 and 74.95 marks respectively.
- On the other side, initial supports are seen at 73.42, 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 0.24 percent lower at 10,445.20 points while BSE Sensex was trading 0.16 points lower at 34,670.82 points.
We prefer to take long position on USD/INR around 73.75, stop loss at 73.60 and target of 74.52.
