- USD/INR is currently trading around 75.05 marks.
- It made intraday high at 75.28 and low at 74.82 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 75.28 mark.
- Key resistances are seen at 75.28, 75.80, 76.00 and 76.51marks respectively.
- On the other side, initial supports are seen at 74.55, 73.97, 73.58, 73.00 and 72.58 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 4.88 pct lower at 9,377.75 points while BSE Sensex was trading 4.97 pct lower at 32,034.70 points.
- India’s manufacturing PMI stands at 27.4 vs 51.8 previous release (expected 41.0).
We prefer to take long position on USD/INR only above 75.28, stop loss at 74.50 and target of 75.80/76.00.


FxWirePro- Major Pair levels and bias summary
JPY Major Currency Score: All Pairs Neutral
FxWirePro: GBP/AUD edges lower, vulnerable to more downside
FxWirePro: GBP/USD edges lower,outlook remains bearish
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
JPY Major Currency Score: NZDJPY Leads Bearish Trend, Others Neutral
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/NZD edges higher, remains on front foot
Fade the Rally: AUD/JPY Eyes 109.30 Downside as Resistance Holds
AUDJPY Pullback: Sell on Rallies as Resistance Holds Near 112
NZD/JPY Sell-on-Rally Setup: Targeting 88.00 as Bearish EMAs Press Down
FxWirePro: USD/ZAR eases ahead of South Africa inflation data and SARB decision
FxWirePro: USD/ZAR retreats as markets await U.S.-Iran talks and South Africa data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY slides to fresh 3-1/2-year low as yuan firms
FxWirePro: AUD/USD gains slightly after RBA's Bullock speech 



