- Pair is currently trading at 67.40 levels.
- It made intraday high at 67.44 and low at 67.33 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 67.37 is required for the some more upside movement.
- Initial resistances are seen at 67.51, 67.78 and 67.91 levels thereafter.
- Alternatively, reversal from key resistance will drag the parity down around 67.00 marks.
- On the down side, key support levels are seen at 66.88, 66.51 and 66.17 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.
