• FxWirePro: Indian Rupee falls gradually against U.S. Dollar, stay bullish

    Source: FxWire Pro - Technicals / 15 Jun 2018 03:00:51   America/New_York

    • USD/INR is currently trading around 67.94 marks.
       
    • It made intraday high at 67.94 and low at 67.83 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 67.46 mark.
       
    • Key resistances are seen at 67.94, 68.10, 68.50, 68.68, 68.83 and 68.98 marks respectively.
       
    • On the other side, initial supports are seen at 67.83, 67.46, 67.38, 67.02, 66.82, 66.42, 66.30 and 66.16 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 0.08 percent higher at 10,816.80 points while BSE Sensex was trading 0.06 points higher at 35,621.88 points.
       
    • India will release Forex reserves data at 1130 GMT.

    We prefer to take long position in USD/INR around 67.90 stop loss at 67.80 and target of 68.50.

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