Fxwirepro: Usd/inr Hovers Around Key Resistance at 64.94 Mark, sustained Close Above Targets 65.52 Mark

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• USD/INR is currently trading around 64.91 marks.
   
• It made intraday high at 64.96 and low at 64.81 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 64.96 marks.  
   
• Key resistances are seen at 64.94, 65.02, 65.18, 65.34, 65.52 and 65.80 marks respectively.
   
• On the other side, initial supports are seen at 64.68, 64.51, 64.27, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
   
• In addition, India’s NSE Nifty was trading around 0.30 percent higher at 9,416.55 points and BSE Sensex was trading at 0.50 percent higher at 30,513.55 points.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

  We prefer to go long on USD/INR only above 65.02, stop loss 64.68 and target of 65.20/65.52.

The material has been provided by InstaForex Company – www.instaforex.com

May 24, 2017 at 12:13PM

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