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- USD/INR is currently trading around 68.20 marks.
- It made intraday high at 68.26 and low at 68.19 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 68.23, 68.39, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
- On the other side, initial supports are seen at 68.02, 67.85, 67.64, 67.50, 67.32, 67.26, 67.19, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.17 percent higher at 8,206.70 points and BSE Sensex was trading at 0.13 percent higher at 26,677 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/INR around 68.15, stop loss at 68.00 and target of 68.39/68.63.
