- USD/INR is currently trading around 64.35 marks.
- It made intraday high at 64.36 and low at 64.31 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 64.50 marks.
- Key resistances are seen at 64.50, 64.62, 64.75, 64.92, 65.02, 65.18, 65.34, 65.52 and 65.80 marks respectively.
- On the other side, initial supports are seen at 64.27, 64.18, 64.07, 63.95, 63.65, 63.47 and 63.36 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.19 percent lower at 9,590.51 points and BSE Sensex was trading at 0.11 percent higher at 31,137.66 points.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- India will release WPI inflation data at 0600 GMT.
We prefer to take short position in USD/INR around 64.40, stop loss at 64.52 and target of 64.18/63.95.


FxWirePro: USD/CAD extends loses as bearish sentiment grips
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Setup: 800-EMA Support Fuels Buy Signal Above 93.60
FxWirePro: USD/ZAR recovers as traders assess US and South African data
FxWirePro: USD/CNY hovers near a 3-1/2-year low, outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains modestly as softer U.S. data pressures greenback
FxWirePro: EUR/ AUD retreats, focus on near term support
FxWirePro: USD/CAD eases as soft US PPI data weighs on dollar
Currency Score JPY Major: GBPJPY Bullish at 85 as CHFJPY Turns Extremely Bearish at -100
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains some ground as South African rand struggles amid renewed global uncertainty
FxWirePro: GBP/USD rises to 1-month peak as USD weakens
GBP/JPY Surge: Broad Sterling Buying Eyes 217.00 Target 



