- USD/INR is currently trading around 69.70 marks.
- It made intraday high at 70.07 and low at 69.67 marks.
- Intraday bias remains slightly bearish for the moment.
- Key resistances are seen at 70.15, 70.38, 70.56 and 70.77 marks respectively.
- On the other side, initial supports are seen at 69.52, 69.02, 68.65, 68.50 and 68.34 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE Nifty was trading around 0.42 percent higher at 11,402.22 points while BSE Sensex was trading 0.37 points higher at 37,783.82 points.
- India July 2018 WPI inflation yy decrease to 5.09 % (forecast 5.24 %) vs previous 5.77 %.
- India July 2018 WPI food index decrease to -0.86 % vs previous 1.56 %.
- India July 2018 WPI fuel yy increase to 18.1 % vs previous 16.18 %.
- India July 2018 WPI manufacturing inflation increase to 4.26 % vs previous 4.17 %.
We prefer to take long position on USD/INR around 69.52, stop loss at 69.02 and target of 70.15.


FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



