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- USD/INR is currently trading around 68.30 marks.
- It made intraday high at 68.32 and low at 68.19 marks.
- Intraday bias remains neutral till the time pair holds key support at 68.15 mark.
- Key resistances are seen at 68.58, 68.80, 68.99, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.15, 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. Current downside movement is short term trend correction only.
- India’s NSE Nifty was trading around 0.04 percent lower at 11,017.22 points while BSE Sensex was trading 0.08 points higher at 36,577.82 points.
We prefer to take short position on USD/INR only below 68.15, stop loss at 68.47 and target of 67.79.
