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- USD/INR is currently trading around 69.20 marks.
- It made intraday high at 69.31 and low at 69.14 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 69.32 mark.
- Key resistances are seen at 69.32, 69.70, 69.98, 70.20, 70.51, 70.68 and 70.85 marks respectively.
- On the other side, initial supports are seen at 68.87, 68.34, 67.88 and 67.67 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.23 percent higher at 11,596.58 points while BSE Sensex was trading 0.28 points higher at 38,580.87 points.
We prefer to take long position on USD/INR only above 69.32, stop loss 68.99 and target of 69.70.
