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FxWirePro: USD/INR trades in narrow range, good to buy on dips

Tuesday, July 10, 2018 6:11 AM UTC

USD/INR is currently trading around 68.73 marks.
It made intraday high at 68.76 and low at 68.61 marks.
Intraday bias remains neutral for the moment.
Key resistances are seen at 68.99, 69.18, 69.52 and 69.88 marks respectively.
On the other side, initial supports are seen at 68.47, 68.34, 68.14, 67.97, 67.79 and 67.59 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 0.51 percent higher at 10,907.80 points while BSE Sensex was trading 0.54 points higher at 36,130.88 points.

We prefer to take long position on USD/INR around 68.68, stop loss at 68.47 and target of 69.52.

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FxWirePro: USD/INR trades in narrow range, good to buy on dips

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