- USD/INR is currently trading around 75.25 marks.
- It made intraday high at 75.88 and low at 75.16 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 75.88 mark.
- Key resistances are seen at 75.88, 76.51, 76.87, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.
- On the other side, initial supports are seen at 74.90, 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 1.12 pct higher at 9,297.55 points while BSE Sensex was trading 1.17 pct higher at 31,749.38 points.
We prefer to take short position on USD/INR around 76.30, stop loss at 76.88 and target of 74.90/74.50.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD dips as markets await Fed, BoE policy guidance
Yen Resurgence Stalls the Kiwi: NZDJPY Tilts Bearish as Resistance Holds
Double Bottom Launch: EURJPY Eyes 190.00 After Support Hold
Ethereum in Stasis: ETHUSD Coils in Narrow Range as Geopolitical Tensions Persist
FxWirePro- Major Pair levels and bias summary
Loonie Leaps: CADJPY Surges as BoC Holds Rates Steady Amid Global Risks
Kiwi Under Pressure: NZDJPY Tests Key Support as Momentum Fades
Ethereum Under Pressure: ETHUSD Tests Critical Support as Market Momentum Fades
FxWirePro- Major Crypto levels and bias summary
Bitcoin Cools Down: BTCUSD Pulls Back as Risk Appetite Wanes
FxWirePro: USD/ZAR bulls reclaim momentum in bid for 16.900 level
FxWirePro: USD/ JPY takes back some lost ground
FxWirePro- Major European Indices
FxWirePro: NZD/USD softens amid energy price pressure renewal
FxWirePro: USD/JPY biased higher but rally currently stretched
Aussie Pullback: AUDJPY Dips Despite Hot Inflation Data 



