- USD/INR is currently trading around 71.18 marks.
- It made intraday high at 71.27 and low at 71.07 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 71.49 mark.
- Key resistances are seen at 71.49, 71.90, 72.17, 72.42, 72.68 and 72.89 marks respectively.
- On the other side, initial supports are seen at 71.10, 70.90, 70.68, 70.47, 70.32, 70.10, 69.76 and 69.48 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 0.75 pct higher at 12,198.85 points and BSE sensex 0.85 pct higher at 41,567.43 points.
- India will release CPI, industrial production as well as manufacturing production data around 1200 GMT.
We prefer to take long position on USD/INR only above 71.32, stop loss at 71.00 and target of 71.49/71.90.


FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro- Woodies pivot (Major)
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum 



