- USD/INR is currently trading around 64.09 marks.
- It made intraday high at 64.17 and low at 64.09 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.27 mark.
- Key resistances are seen at 64.27, 64.48, 64.67, 64.78, 64.87, 64.95, 65.12 and 65.28 marks respectively.
- On the other side, initial supports are seen at 64.02, 63.90, 63.68 and 63.45 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 0.74 percent higher at 10,411.95 points and BSE Sensex was trading at 0.60 percent higher 33,646.65 points.
We prefer to take short position in USD/INR around 64.12, stop loss at 64.27 and target of 63.90/63.78.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Woodies Pivot(Major)
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major European Indices
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 



