Short Term Trade: Intra-day USDINR Buy

The USD/INR pair opened the session at 70.48 levels, well below lower end of Bollinger band levels of 70.61 levels. Typically, when price trades outside the Bollinger band, prices tend to back come inside the band region. This price-action gives a short term trading opportunity to buy USD/INR at CMP 70.45 levels with stop below 70.35 levels, there is has multiple support on daily chart, with target of 70.65 levels.