- USD/INR is currently trading around 71.26 marks.
- It made intraday high at 71.49 and low at 71.26 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 71.49 mark.
- Key resistances are seen at 71.49, 71.90, 72.17, 72.42, 72.68 and 72.89 marks respectively.
- On the other side, initial supports are seen at 71.10, 70.90, 70.68, 70.47, 70.32, 70.10, 69.76 and 69.48 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 was trading 0.82 pct lower at 12,000.85 points and BSE sensex 0.73 pct lower at 40,854.43 points.
We prefer to take short position on USD/INR around 71.30, stop loss at 71.49 and target of 71.10/70.90.


FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 



