- USD/INR is currently trading around 67.21 marks.
- It made intraday high at 67.23 and low at 67.06 marks.
- Intraday bias remains bullish till the time pair holds key support at 66.91 marks.
- Key resistances are seen at 67.35, 67.51, 67.81, 68.05 (crossover of 20D, 30D and 55D EMA) and 68.35 (March 1, 2016 high) respectively.
- On the other side, initial supports are seen at 67.05, 66.91, 66.75, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.23, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s BSE Sensex was trading 0.64% lower at 26,545.99 and NSE Nifty was down by 0.76% to 8,144.10 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend.
We prefer to take long position in USD/INR around 67.15 with stop loss at 66.91 and target of 67.45 marks.
