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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
- USD/INR is currently trading around 71.62 marks.
- It made intraday high at 71.70 and low at 71.42 marks.
- Intraday bias remains slightly bullish for the moment.
- Key resistances are seen at 71.84, 72.02, 72.47,72.86, 73.27 and 73.70 marks respectively.
- On the other side, initial supports are seen at 71.30, 71.12, 70.57, 70.27, 69.87, 69.66, 69.34, 69.02, 68.65 and 68.15 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 Nifty was trading around 0.06 percent higher at 10,798.58 points while BSE Sensex was trading 0.08 points higher at 35,956.55 points.
- India will release WPI inflation data at 0630 GMT.
We prefer to take long position on USD/INR around 71.55, stop loss at 71.40 and target of 71.84/72.02.
