FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 
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FxWirePro: USD/ZAR recovers slightly but trend is still bearish 
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- USD/INR is currently trading around 68.58 marks.
- It made intraday high at 68.74 and low at 68.49 marks.
- Intraday bias remains slightly bearish for the moment.
- Key resistances are seen at 68.99, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.47, 68.34, 68.14, 67.97, 67.79 and 67.59 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- India’s NSE Nifty was trading around 0.43 percent higher at 10,820.80 points while BSE Sensex was trading 0.45 points higher at 35,818.88 points.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
