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FxWirePro: USD/INR exhibits range bound movement, consistent close above 68.70 targets 69.38

  • USD/INR is currently trading around 68.73 marks.
     
  • It made intraday high at 68.73 and low at 68.52 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 68.50 mark.
     
  • Key resistances are seen at 68.80, 69.10, 69.38 and 69.85 marks respectively.
  • On the other side, initial supports are seen at 68.52, 68.31, 68.12, 67.88, 67.47, 67.26 and 66.60 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
     
  • India’s NSE was trading 0.14 pct higher at 11,613.55 points and BSE Sensex was trading 0.18 pct higher at 38,970.44 points.

We prefer to take short position on USD/INR around 68.90, stop loss 69.10 and target of 68.52/68.12.

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January 22 19:00 UTC 828876828876m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 817056817056m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 817056817056m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 817056817056m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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