- USD/INR is currently trading at 66.56 marks.
- It made intraday high at 66.57 and low at 66.50 levels.
- Intraday bias remains neutral for the moment.
- A daily close below 66.51 will drag the parity down towards 66.35, 65.96 and 65.67 levels thereafter.
- Alternatively, reversal from 66.51 will take the parity up around key resistances at 66.86/67.18/67.37/67.70 levels respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
The material has been provided by InstaForex Company – www.instaforex.com