FxWirePro: USD/INR remains well supported above 65.00 mark, good to buy on dips

• USD/INR is currently trading around 65.14 marks.
   
• It made intraday high at 65.34 and low at 65.11 marks.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 65.08 mark.
   
• Key resistances are seen at 65.34, 65.48, 65.65 and 65.82 marks respectively.
   
• On the other side, initial supports are seen at 65.08, 64.87, 64.70, 64.60, 64.42, 64.22, 64.02, 63.87, 63.68, 63.47, 63.22 and 63.17 marks respectively.

• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• India’s NSE Nifty was trading around 0.52 percent higher at 10,512.80 points while BSE Sensex was trading 0.53 points higher at 34,277.23 points.

We prefer to take long position in USD/INR around 65.10, stop loss at 64.95 and target of 65.33/65.48.

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