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FxWirePro: AUD/USD cedes early gains ,outlook bearish 
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FxWirePro- Woodies pivot (Major) 
- USD/INR is currently trading around 69.93 marks.
- It made intraday high at 70.16 and low at 69.67 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 70.48 mark.
- Key resistances are seen at 70.28, 70.48, 70.86, 71.06 and 71.48 marks respectively.
- On the other side, initial supports are seen at 69.66, 69.47, 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 0.35 percent higher at 10,948.58 points while BSE Sensex was trading 0.23 points higher at 36,432.55 points.
We prefer to take short position on USD/INR around 70.00, stop loss at 70.48 and target of 69.47/69.02.
