FxWirePro: USD/INR Hovers Around Key Resistance at 66.32, Intraday Bias Remains Neutral

FxWirePro: USD/INR Hovers Around Key Resistance at 66.32, Intraday Bias Remains Neutral

20 April 2016, 07:19
Roberto Jacobs
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FxWirePro: USD/INR Hovers Around Key Resistance at 66.32, Intraday Bias Remains Neutral

  • USD/INR is currently trading at 66.3075 marks. 
  • It made intraday high at 66.3250 and low at 66.26 levels. 
  • Intraday bias remains neutral for the moment. 
  • A daily close below 66.32 will take the parity back around key support at 66.18/65.95 levels respectively. 
  • Alternatively, reversal from key support will turn bias slightly bullish and take the parity back above 67.00 marks. 
  • On the top side, key resistance levels are seen at 66.95, 67.15 and 67.7 levels.

We prefer to take long position in USD/INR only above 66.35, stop loss 66.14 and target 66.56/66.95 levels.

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