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FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
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GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
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FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
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EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
- USD/INR is currently trading at 66.32 marks.
- It made intraday high at 66.34 and low at 66.26 levels.
- Intraday bias remains bullish till the time pair holds key support at 66.17 levels.
- A daily close below 66.17 will drag the parity down towards 66.02, 65.96 and 65.67 levels thereafter.
- Alternatively, reversal from 66.17 will take the parity up around key resistances at 66.39/66.48/66.86/67.18 levels respectively.
- Today India will release Nikkei Markit Manufacturing PMI data at 0500 GMT. Market anticipates the reading at 51.5 m/m vs 51.1 m/m previous release.
- Moreover, RBI will announce interest rate decision on April 5. This will provide further direction to the parity.
We prefer to take long position in USD/INR around 66.32, stop loss 66.08 and target 66.60 marks.
