- USD/INR is currently trading around 69.25 marks.
- It made intraday high at 69.38 and low at 69.24 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 69.50 mark.
- Key resistances are seen at 69.50, 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 69.22, 68.92, 68.49, 67.88 and 67.67 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 was trading 0.33 pct higher at 11,886.55 points and BSE Sensex was trading 0.36 pct higher at 39,729.79 points.
We prefer to take short position on USD/INR around 69.30, stop loss 69.50 and target of 69.02/68.92.


FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Woodies pivot (Major)
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



