Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro- Major Crypto levels and bias summary 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro- Woodies Pivot(Major) 
- USD/INR is currently trading around 67.84 marks.
- It made intraday high at 68.12 and low at 67.79 marks.
- Intraday bias remains bullish till the time pair holds key support at 67.62 marks.
- Key resistances are seen at 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 67.62, 67.37, 67.17, 66.91, 66.75, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.23, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s BSE Sensex was trading 0.14% higher at 26,429.40 and NSE Nifty was down by 0.11% to 8,080.10 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend.
We prefer to take long position in USD/INR only above 67.96 with stop loss at 67.62 and target of 68.22/ 68.78 marks.
