• FxWirePro: USD/INR falls below 64.00 mark, stay bearish

    Source: FxWire Pro - Technicals / 15 Dec 2017 01:41:09   Eastern Standard Time

    • USD/INR is currently trading around 63.99 marks.
       
    • It made intraday high at 64.18 and low at 63.92 marks.
       
    • Intraday bias remains bearish till the time pair holds key resistance at 64.18 mark.
       
    • Key resistances are seen at 64.18, 64.27, 64.48, 64.62, 64.75, 64.87, 64.95, 65.12 and 65.28 marks respectively.
       
    • On the other side, initial supports are seen at 63.92, 63.80 and 63.68 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

    We prefer to take short position in USD/INR around 64.05, stop loss at 64.18 and target of 63.92/63.80.

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