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Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities 
- USD/INR is currently trading around 73.30 marks.
- It made intraday high at 73.70 and low at 73.28 marks.
- Intraday bias remains slightly bearish time pair holds key resistance at 73.70 mark.
- Key resistances are seen at 73.70, 73.82, 74.28, 74.57, 74.77 and 74.95 marks respectively.
- On the other side, initial supports are seen at 73.12, 72.89, 72.45, 72.12, 71.50, 71.33 and 71.13 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 Nifty was trading around 1.44 percent lower at 10,302.20 points while BSE Sensex was trading 1.26 points lower at 34,340.86 points.
We prefer to take short position on USD/INR only below 73.12, stop loss at 73.70 and target of 72.45.
