JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 
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FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 
- USD/INR is currently trading around 69.90 marks.
- It made intraday high at 70.04 and low at 69.46 marks.
- Intraday bias remains bullish till the time pair holds key support at 69.38 mark.
- Key resistances are seen at 70.04, 70.20, 70.51, 70.68 and 70.85 marks respectively.
- On the other side, initial supports are seen at 69.38, 69.22, 68.92, 68.49, 67.88 and 67.67 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- India’s NSE Nifty was trading around 0.80 percent lower at 11,660.58 points while BSE Sensex was trading 0.68 points lower at 38,875.87 points.
We prefer to take long position on USD/INR only above 70.04, stop loss 69.40 and target of 70.51/70.68.
