FxWirePro- Woodies pivot (Major) 
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FxWirePro: GBP/NZD edges lower but bias is bullish 
- USD/INR is currently trading around 71.39 marks.
- It made intraday high at 71.49 and low at 71.09 marks.
- Intraday bias remains bullish till the time pair holds key support at 71.00 mark.
- Key resistances are seen at 71.47, 71.68, 71.90, 72.17, 72.42, 72.68 and 72.89 marks respectively.
- On the other side, initial supports are seen at 71.02, 70.90, 70.68, 70.47, 70.32, 70.10, 69.76 and 69.48 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE was trading 0.62 pct lower at 12,172.85 points and BSE sensex 0.60 pct lower at 41,363.43 points.
We prefer to take long position on USD/INR around 71.35, stop loss at 71.10 and target of 71.68/71.90.
