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USD/INR back above 67.00 mark, buy on dips

  • Pair is currently trading at 67.19 levels.
     
  • It made intraday high at 67.25 and low at 67.10 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below 66.88 will turn the bias bearish again.
     
  • Alternatively, current rebound from 66.88 will take the parity towards key resistance at 67.35/67.51 levels thereafter.
     
  • On the down side, key support levels are seen at 66.88, 66.51 and 66.17 levels.

We prefer to take long position in USD/INR around 67.10, stop loss 66.88 and target 67.51/67.78 levels.

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