- USD/INR is currently trading around 63.94 marks.
- It made intraday high at 64.05 and low at 63.87 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.05 mark.
- Key resistances are seen at 64.05, 64.28, 64.48, 64.62, 64.85 and 65.12 marks respectively.
- On the other side, initial supports are seen at 63.87, 63.70, 63.33 and 63.17 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.72 percent higher at 10,575.70 points and BSE Sensex was trading at 0.61 percent higher at 34,363.64 points.
We prefer to take short position in USD/INR around 63.98, stop loss at 64.28 and target of 63.55.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major European Indices
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers from early dip but upside is limited
FxWirePro: USD/CNY edges lower, set to stay on back foot
Yen Under Siege: NZDJPY Bulls Eye 96.00 Amid Broad Japanese Weakness
FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
FxWirePro: GBP/AUD drifts lower could be on verge of bigger drop
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
FxWirePro: USD/ZAR recovers some ground but upside is limited
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips as strong U.S. data boosts greenback 



