- 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 slips as Middle East tensions boost safe-haven dollar
FxWirePro: AUD/USD better risk puts bulls back in charge
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro:USD/JPY hovers near 40-year, bias bullish
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro: AUD/USD edges higher as US- Iran war escalates
FxWirePro: NZD/USD rallies as NZ inflation hits 2-1/2-year high
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet
FxWirePro:EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
FxWirePro: GBP/USD falls as investors assess Britain's political transition 



