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- USD/INR is currently trading around 68.16 marks.
- It made intraday high at 68.22 and low at 68.04 marks.
- Intraday bias remains bullish till the time pair holds key support at 67.77 mark
- Key resistances are seen at 68.34, 68.50 and 68.83 marks respectively.
- On the other side, initial supports are seen at 67.77, 67.50, 67.18, 67.02, 66.80, 66.68, 66.42, 66.30 and 66.16 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 0.17 percent lower at 10,578.80 points while BSE Sensex was trading 0.09 points lower at 34,819.88 points.
We prefer to take long position in USD/INR around 68.12, stop loss at 67.90 and target of 68.50.
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