- USD/INR is currently trading around 69.47 marks.
- It made intraday high at 69.56 and low at 69.19 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 69.10 mark.
- Key resistances are seen at 69.87, 70.20, 70.51, 70.68 and 70.85 marks respectively.
- On the other side, initial supports are seen at 69.22, 68.92, 68.49, 67.88 and 67.67 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- India will release services PMI data around 0500 GMT.
We prefer to take short position on USD/INR around 69.70, stop loss 69.90 and target of 68.92.


FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD recovers but bears are not done yet again
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 



