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FxWire Pro: USD/INR rejects key support at 69.50 mark, upside limited

  • USD/INR is currently trading around 69.58 marks.
     
  • It made intraday high at 69.75 and low at 69.57 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 69.50 mark.
     
  • 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 69.50, 69.22, 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 0.75 pct higher at 11,779.55 points and BSE Sensex was trading 0.77 pct higher at 39,349.79 points.

We prefer to take short position on USD/INR around 69.70, stop loss 69.85 and target of 69.22.

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449.6 Stale

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451.7 Stale

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USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 764683764683m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 764683764683m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 776503776503m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 764683764683m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 776503776503m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 764683764683m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764683764683m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764683764683m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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