- USD/INR is currently trading around 65.45 marks.
- It made intraday high at 65.62 and low at 65.45 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 65.85 marks.
- Key resistances are seen at 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 65.44, 65.26, 65.12, 64.82, 64.64, 64.53 and 64.29 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 0.53 percent higher at 9,911.55 points and BSE Sensex was trading at 0.55 percent higher 31,668.50 points.
We prefer to take short position in USD/INR around 65.52, stop loss at 65.72 and target of 65.20.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major European Indices
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 



