- USD/INR is currently trading around 63.94 marks.
- It made intraday high at 64.05 and low at 63.87 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.05 mark.
- Key resistances are seen at 64.05, 64.28, 64.48, 64.62, 64.85 and 65.12 marks respectively.
- On the other side, initial supports are seen at 63.87, 63.70, 63.33 and 63.17 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 0.72 percent higher at 10,575.70 points and BSE Sensex was trading at 0.61 percent higher at 34,363.64 points.
We prefer to take short position in USD/INR around 63.98, stop loss at 64.28 and target of 63.55.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 



