Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 
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FxWirePro: GBP/AUD drifts lower after BOE rate decision 
FxWirePro: GBP/AUD bears maintain upper hand 
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FxWirePro: AUD/USD gains some ground but outlook is bearish 
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 
- USD/INR is currently trading around 69.46 marks.
- It made intraday high at 69.49 and low at 69.30 marks.
- Intraday bias remains slightly bullish for the moment.
- Key resistances are seen at 69.85, 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.
- On the other side, initial supports are seen at 69.30, 68.92, 68.49, 67.88 and 67.67 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE was trading 0.42 pct higher at 11,893.55 points and BSE Sensex was trading 0.46 pct higher at 39,610.79 points.
We prefer to take short position on USD/INR around 69.50, stop loss 69.85 and target of 69.30/68.92/68.49.
