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FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
- USD/INR is currently trading around 64.55 marks.
- It made intraday high at 64.62 and low at 64.55 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 64.42 marks.
- Key resistances are seen at 64.62, 64.72, 64.82, 64.92, 65.02, 65.18, 65.34, 65.52 and 65.80 marks respectively.
- On the other side, initial supports are seen at 64.55, 64.42, 64.32, 64.27, 64.18, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.09 percent lower at 9,507.50 points and BSE Sensex was trading at 0.19 percent lower at 30,896.44 points.
- 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.
We prefer to take long position in USD/INR above 64.62, stop loss at 64.42 and target of 64.82.
