2017.04.2604:18:00UTC+00Fxwirepro: Indian Rupee Strengthens Against U.s. Dollar, Hits Highest Level Since August 2015

• USD/INR is currently trading around 64.08 marks.
   
• It made intraday high at 64.35 and low at 63.94 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 64.52 marks.  
   
• Key resistances are seen at 64.35, 64.52, 64.82, 64.92, 65.08, 65.15, 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
   
• On the other side, initial supports are seen at 63.94, 63.65, 63.47 and 63.36 marks respectively.
   
• In addition, India’s NSE Nifty was trading around 0.46 percent higher at 9,351.65 points and BSE Sensex was trading at 0.41 percent higher at 30,064.82 points.

We prefer to go short on USD/INR around 64.10, stop loss 64.52 and target of 63.47.