- USD/INR is currently trading around 71.26 marks.
- It made intraday high at 71.33 and low at 71.19 marks.
- Intraday bias remains bullish till the time pair holds key support at 71.22 mark.
- Key resistances are seen at 71.41, 71.70, 71.82, 72.05, 72.17, 72.42, 72.68 and 72.89 marks respectively.
- On the other side, initial supports are seen at 71.12, 70.80, 70.64, 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.
- India’s markit manufacturing PMI stands at 52.7 vs 51.2 previous release (expected 51.0).
- India’s NSE was trading 0.75 pct higher at 12,273.55 points and BSE sensex points 0.70 pct higher at 41,594.58 points.
We prefer to take short position on USD/INR only below 71.12, stop loss at 71.40 and target of 70.80/70.64 mark.


FxWirePro- Woodies Pivot (Major)
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: AUD/USD firms after RBA governor Bullock comments
FxWirePro- Major Pair levels and bias summary
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro- Major Crypto levels and bias summary
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro- Major Pair levels and bias summary
JPY Major Currency Score
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 



