FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
FxWirePro: USD/ZAR bears maintain upper hand 
FxWirePro: GBP/NZD stuck in range but outlook is bullish 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
FxWirePro- Major Crypto levels and bias summary 
- USD/INR is currently trading around 71.70 marks.
- It made intraday high at 71.92 and low at 71.61 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 71.97 mark.
- Key resistances are seen at 71.97, 72.17, 72.42, 72.68 and 72.89 marks respectively.
- On the other side, initial supports are seen at 71.57, 71.40, 71.02, 70.72, 70.47 and 70.10 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 0.25 pct higher at 10,875.65 points while BSE sensex was trading 0.30 points higher at 36,754.93 points.
- Later today India will release forex reserve data around 1130 GMT.
We prefer to take short position on USD/INR around 71.70, stop loss 71.92 and target of 71.40.
