- 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: GBP/USD recovers some ground but bearish outlook persist
FxWirePro: USD/JPY consolidates gains, 163 eyed
Gold Flashes Bullish Signals Amidst Shifting Technical Landscape
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: USD/ZAR bears maintain upper hand
NZDJPY: Yen Weakness Fuels Rise, Key Resistance at 92.40 Holds Key
FxWirePro: NZD/USD snaps eight-day losing streak
FxWirePro: USD/CAD steadies around 1.4200 level , retains bid tone
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: GBP/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD recovers slightly from early decline but bears are not done yet
FxWirePro: AUD/USD slips to hit three-month low,scope for further downside
FxWirePro- Major Pair levels and bias summary
AUDJPY: Range-Bound Action Amidst Mixed Technical Signals
FxWirePro: NZD/USD recovers slightly but bearish outlook persist
EURJPY: Navigating Mixed Signals with a Bullish Lean 



