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FxWirePro- Major Pair levels and bias summary 
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Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 
- USD/INR is currently trading around 75.42 marks.
- It made intraday high at 76.31 and low at 75.16 marks.
- Intraday bias remains bearish for the moment.
- Key resistances are seen at 76.40, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.
- On the other side, initial supports are seen at 74.95, 74.50, 73.74, 73.58, 73.00 and 72.58 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- India’s NSE was trading 4.37 pct higher at 8,681.75 points and BSE Sensex was trading 4.70 pct higher at 29,873.88 points.
We prefer to take short position on USD/INR only around 75.50, stop loss at 76.00 and target of 74.95/73.74.
