- USD/INR is currently trading around 70.89 marks.
- It made intraday high at 70.89 and low at 70.63 marks.
- Intraday bias remains slightly bullish for the moment.
- Key resistances are seen at 71.02, 71.18, 71.50, 71.71, 72.02, 72.32 and 72.47 marks respectively.
- On the other side, initial supports are seen at 70.49, 70.23, 69.82, 69.60 and 69.35 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 0.58 percent higher at 10,855.44 points while BSE Sensex was trading 0.56 points higher at 36,072.87 points.
We prefer to take long position on USD/INR around 70.85, stop loss at 70.62 and target of 71.50.
