- USD/INR is currently trading around 70.70 marks.
- It made intraday high at 70.73 and low at 70.53 marks.
- Intraday bias remains neutral till the time pair holds key support at 70.32 mark.
- Key resistances are seen at 71.02, 71.11, 71.34, 71.80, 72.17, 72.42, 72.68 and 72.89 marks respectively.
- On the other side, initial supports are seen at 70.47, 70.32, 70.10, 69.76 and 69.48 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 Nifty was trading 0.18 pct higher at 11,939.20 points and BSE Sensex was trading 0.26 pct higher at 40,356.24 points.
We prefer to take long position on USD/INR only above 70.92, stop loss 70.50 and target of 71.34/71.80.


Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Woodies pivot (Major)
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/NZD stuck in range but outlook is bullish
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 



