• FxWirePro: USD/INR trades in narrow range, consistent close above 68.15 requires for upside rally

    Source: FxWire Pro - Technicals / 26 Jun 2018 02:06:37   America/New_York

    • USD/INR is currently trading around 68.06 marks.
       
    • It made intraday high at 68.14 and low at 68.02 marks.
       
    • Intraday bias remains bullish the time pair holds key support at 67.79 mark.
       
    • Key resistances are seen at 68.15, 68.36, 68.47, 68.68, 68.83 and 68.98 marks respectively.
       
    • On the other side, initial supports are seen at 67.79, 67.59, 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 0.02 percent higher at 10,766.80 points while BSE Sensex was trading 0.06 points higher at 35,492.88 points.

    We prefer to take long position on USD/INR only above 68.15, stop loss at 67.98 and target of 68.47.

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