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NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 
- USD/INR is currently trading around 69.20 marks.
- It made intraday high at 69.32 and low at 69.05 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 69.70 mark.
- Key resistances are seen at 69.70, 69.98, 70.20, 70.51, 70.68 and 70.85 marks respectively.
- On the other side, initial supports are seen at 69.02, 68.82, 68.56 and 68.34 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish rend in a daily chart.
- India’s NSE Nifty was trading around 0.62 percent higher at 11,414.58 points while BSE Sensex was trading 0.60 points higher at 37,978.87 points.
We prefer to take short position on USD/INR around 69.28, stop loss at 69.60 and target of 69.02/68.82.
