- USD/INR is currently trading around 68.53 marks.
- It made intraday high at 68.53 and low at 68.34 marks.
- Intraday bias remains neutral till the time pair holds key support at 68.30 mark.
- Key resistances are seen at 68.58, 68.87, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.30, 68.14, 67.97, 67.79 and 67.59 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 0.68 percent lower at 10,641.80 points while BSE Sensex was trading 0.63 points lower at 35,197.88 points.
- India release manufacturing PMI data with positive numbers at 53.1 vs 51.2 previous release.
We prefer to take short position on USD/INR only below 68.30, stop loss at 68.58 and target of 67.97.
