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FxWirePro: USD/INR remains well supported below key resistance at 66.32, intraday bias remains neutral

  • USD/INR is currently trading at 66.28 marks.
     
  • It made intraday high at 66.32 and low at 66.23 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close below 66.32 will take the parity down around key supports at 66.10/65.95 levels respectively.

  • Alternatively, reversal from key support will turn the bias bullish and take the parity back above 67.00 marks.
     
  • On the top side, key resistance levels are seen at 66.50/66.64/66.86/66.95/ 67.15 levels.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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