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FxWirePro USD/CAD steadies around 1.3910,retains bid tone 
- USD/INR is currently trading around 77.00 marks.
- It made intraday high at 77.41 and low at 74.90 marks.
- Intraday bias remains bullish for the moment.
- Key resistances are seen at 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.
- On the other side, initial supports are seen at 74.90, 73.74, 73.58, 73.00, 72.58, 71.80, 71.47, 71.22, 71.10 and 70.90 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE was trading 3.39 pct lower at 8,183.75 points and BSE Sensex was trading 3.25 pct lower at 27,936.11 points.
We prefer to take long position on USD/INR around 76.70, stop loss at 74.89 and target of 78.12.
