- USD/INR is currently trading around 64.50 marks.
- It made intraday high at 64.61 and low at 64.49 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.72 marks.
- Key resistances are seen at 64.72, 64.82, 64.92, 65.02, 65.18, 65.34, 65.52 and 65.80 marks respectively.
- On the other side, initial supports are seen at 64.48, 64.32, 64.27, 64.18, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.46 percent higher at 9,678.45 points and BSE Sensex was trading at 0.42 percent higher at 31,416.44 points.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in USD/INR only below 64.48, stop loss at 64.72 and target of 64.27/64.18.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 



