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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: USD/CNY gains some ground but bearish outlook persists 
- USD/INR is currently trading around 69.86 marks.
- It made intraday high at 69.87 and low at 69.77 marks.
- Intraday bias remains bullish till the time pair holds key support at 69.48 mark.
- Key resistances are seen at 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.
- On the other side, initial supports are seen 69.48, 69.25, 69.02, 68.60, 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’s NSE was trading 0.52 pct lower at 11,762.55 points and BSE Sensex was trading 0.44 pct lower at 39,274.79 points.
We prefer to take long position on USD/INR around 69.80, stop loss 69.48 and target of 70.20/70.52.
