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FxWirePro: AUD/ USD strongly bearish despite upside attempts 
- USD/INR is currently trading around 69.83 marks.
- It made intraday high at 70.28 and low at 69.83 marks.
- Intraday bias remains bearish for the moment.
- Key resistances are seen at 70.28, 70.64, 70.80, 71.05, 71.40, 72.02, 72.24, 72.50 and 72.86 marks respectively.
- On the other side, initial supports are seen at 69.69, 69.34, 69.02, 68.65 and 68.15 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India’s NSE Nifty was trading around 0.66 percent higher at 10,799.58 points while BSE Sensex was trading 0.81 points higher at 36,006.55 points.
We prefer to take short position on USD/INR around 69.90, stop loss at 70.28 and target of 69.69/69.50.
