• FxWirePro: usd//inr hovers around 69.00 Mark, india’s economic data in focus

    Source: FxWire Pro - Technicals / 20 Jul 2018 01:34:47   America/New_York

    • USD/INR is currently trading around 68.82 marks.
       
    • It made intraday high at 69.04 and low at 68.82 marks.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 69.08 mark.
       
    • Key resistances are seen at 69.18, 69.52 and 69.88 marks respectively.
       
    • On the other side, initial supports are seen at 68.67, 68.34, 68.15, 67.97, 67.79 and 67.59 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 0.46 percent higher at 11,007.22 points while BSE Sensex was trading 0.43 points higher at 36,508.82 points.
       
    • India will release bank loan growth and forex reserves data at 1130 GMT.


    We prefer to take long position on USD/INR around 68.80, stop loss at 68.67 and target of 69.52.

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