- USD/INR is currently trading around 73.55 marks.
- It made intraday high at 73.79 and low at 73.48 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 73.79 mark.
- Key resistances are seen at 73.79, 73.98, 74.11, 74.28 and 74.57 marks respectively.
- On the other side, initial supports are seen at 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 0.75 percent lower at 10,518.20 points while BSE Sensex was trading 0.45 points lower at 35,010.82 points.
- RBI will release repo rate as well as reverse repo rate decision at 0900 GMT.
We prefer to take long position on USD/INR only above 73.79, stop loss at 73.22 and target of 74.28.


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