- USD/INR is currently trading around 66.53 marks.
- It made intraday high at 66.53 and low at 66.41 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 66.33 marks.
- Key resistances are seen at 66.62, 66.75, 66.90, 67.05, 67.16, 67.28, 67.52, 67.71, 67.84, 67.95, 68.02, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
- On the other side, initial supports are seen at 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.21, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.24 percent higher at 8,758.56 points and BSE Sensex was trading at 0.31 percent higher at 28,331.38 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.
- RBI will release interest rate decision at 0900 GMT.
We prefer to take short position in USD/INR around 66.78, stop loss at 67.05 and target of 66.32/66.24.


FxWirePro: USD/CNY hovers near a 3-1/2-year low, outlook bearish
GBP/JPY Surge: Broad Sterling Buying Eyes 217.00 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains modestly as softer U.S. data pressures greenback
NZDJPY Bullish Setup: 800-EMA Support Fuels Buy Signal Above 93.60
FxWirePro: GBP/NZD sell bias remains below key resistance zone
FxWirePro: USD/CAD extends loses as bearish sentiment grips
FxWirePro- Woodies pivot (Major)
Currency Score JPY Major: GBPJPY Bullish at 85 as CHFJPY Turns Extremely Bearish at -100
FxWirePro: GBP/NZD retreats despite upbeat UK GDP growth data
FxWirePro: GBP/AUD eases despite better-than-expected UK GDP growth data
FxWirePro: GBP/USD rises to 1-month peak as USD weakens
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD eases slightly, focus on near term support
FxWirePro- Major Pair levels and bias summary
AUDJPY Bullish Dip-Buy Setup: All EMAs Align for Run to 115
FxWirePro: USD/ZAR gains some ground as South African rand struggles amid renewed global uncertainty 



