• FxWirePro: USD/INR back above 65.00 mark, upside limited

    Source: FxWire Pro - Technicals / 20 Nov 2017 00:46:41   Eastern Standard Time

    • USD/INR is currently trading around 65.10 marks.
       
    • It made intraday high at 65.15 and low at 64.95 marks.
       
    • Intraday bias remains slightly bullish till the time pair holds key support at 64.95 mark.
       
    • Key resistances are seen at 65.28, 65.49, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
       
    • On the other side, initial supports are seen at 64.95, 64.72, 64.61, 64.48, 64.38, 64.29 and 64.05 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 0.07 percent lower at 10,276.70 points and BSE Sensex was trading at 0.08 percent higher 33,367.86 points.

    We prefer to take short position in USD/INR only below 64.95, stop loss at 65.28 and target of 64.72/64.48.

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