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USD/INR opens at 67.39, short term trend reversal likely

  • Pair is currently trading at 67.41 marks.
     
  • It made intraday high at 67.55 and low 67.36 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A current rebound from 68.78 will likely to take pause around 67.35 levels. 
     
  • Alternatively, a daily close below 67.35 will drag the parity towards next support levels at 67.11/66.24 levels. 

We prefer to take long position in USD/INR around 67.40, stop loss 67.35 and target 67.65/67.80 levels.

 

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