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FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 
- USD/INR is currently trading around 67.84 marks.
- It made intraday high at 68.00 and low at 67.81 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 68.07 marks.
- Key resistances are seen at 68.07, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
- On the other side, initial supports are seen at 67.70, 67.47, 67.22, 66.82, 66.68, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.42 percent higher at 8,145.10 points and BSE Sensex was trading at 0.03 percent higher at 26,306.56 points.
- 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.
We prefer to take long position in USD/INR around 67.72, stop loss 67.48 and target of 68.08/68.46.
