- Pair is currently trading at 68.77 levels.
- It made intraday high at 68.78 and low at 68.64 levels.
- Pair is likely to fall further as 20, 30 and 55D EMA heads upside.
- Key resistance falls at 68.84 levels. A daily close above will take the parity towards 69.22 marks.
- Alternatively, reversal from this level will drag the USD/INR around 68.00 levels.
- In addition, NSE Nifty was trading 0.40% higher at 6995 levels and BSE Sensex was trading 0.51% higher at 23069 levels.
- Key events for the parity will be US GDP data due today and Indian fiscal budget due on February 29, 2016.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro- Major Crypto levels and bias summary
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: GBP/AUD takes back some lost ground
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Woodies Pivot(Major)
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 



