- USD/INR is currently trading around 64.60 marks.
- It made intraday high at 64.80 and low at 64.55 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.92 marks.
- Key resistances are seen at 64.92, 65.02, 65.20, 65.32, 65.48, 65.72, 65.85, 65.98, 66.20, 66.46, 66.68 and 66.79 marks respectively.
- On the other side, initial supports are seen at 64.53, 64.29 and 64.05 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 Nifty was trading around 0.93 percent higher at 10,432.70 points and BSE Sensex was trading at 1.05 percent higher 33,563.44 points.
- India Oct Nikkei Markit manufacturing PMI decrease to 50.3 (forecast 51.5) vs previous 51.2.
We prefer to take short position in USD/INR around 64.65, stop loss at 64.92 and target of 64.29.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro : EUR/NZD gains upside momentum but still bearish
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
FxWirePro- Major Pair levels and bias summary
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro: USD/CNY edges lower, scope for further downside
FxWirePro: USD/CAD eases slightly but trend is still bullish
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro- Woodies pivot (Major)
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data 



