USD/INR Trades in Range
Intraday bias remains slightly bullish for the moment.
It made intraday high at 69.79 and low at 69.66 marks.
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USD/INR is currently trading around 69.78 marks.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on USD/INR only below 69.60, stop loss 69.85 and target of 69.30.
Key resistances are seen at 69.85, 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.
On the other side, initial supports are seen at 69.60, 69.47, 69.30, 68.92, 68.49, 67.88 and 67.67 marks respectively.