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FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
- USD/INR is currently trading around 69.75 marks.
- It made intraday high at 69.81 and low at 69.61 marks.
- Intraday bias remains slightly bearish for the moment.
- Key resistances are seen at 69.85, 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.
- On the other side, initial supports are seen at 69.47, 69.30, 68.92, 68.49, 67.88 and 67.67 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE was trading 0.48 pct higher at 11,918.55 points and BSE Sensex was trading 0.60 pct higher at 39,730.79 points.
We prefer to take short position on USD/INR only below 69.60, stop loss 69.85 and target of 69.30.
