- USD/INR is currently trading around 66.68.
- It made intraday high at 66.8350 and low at 66.66 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 66.84 marks.
- A daily close below 66.60 will take the parity down around key supports at 66.48/66.32/66.23/66.10/65.95/65.81 marks respectively.
- On the other side, key resistance levels are seen at 66.84/ 66.95/ 67.15 levels.
- In addition, Indian stock markets are trading on a mix note. As BSE Sensex was trading 0.16% lower at 25,730 while NSE Nifty up by 0.01% to 7,888 points.
We prefer to take short position in USD/INR around 66.70, stop loss 66.84 and target 66.48/66.32 levels.
