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- USD/INR is currently trading around 72.72 marks.
- It made intraday high at 72.82 and low at 72.60 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 73.02, 73.45, 74.04, 74.28, 74.57, 74.77 and 74.95 marks respectively.
- On the other side, initial supports are seen at 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 0.45 percent higher at 10,572.22 points while BSE Sensex was trading 0.46 points higher at 35,110.55 points.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
