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FxWirePro: USD/INR back below 69.00 mark, good to sell on rallies

  • USD/INR is currently trading around 68.94 marks.
     
  • It made intraday high at 69.04 and low at 68.84 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 69.32 mark.
     
  • Key resistances are seen at 69.32, 69.70, 69.98, 70.20, 70.51, 70.68 and 70.85 marks respectively.
     
  • On the other side, initial supports are seen at 68.87, 68.34, 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.
     
  • India’s NSE Nifty was trading around 0.30 percent higher at 11,387.58 points while BSE Sensex was trading 0.25 points higher at 37,901.87 points.

We prefer to take short position on USD/INR around 69.00, stop loss at 69.32 and target of 68.60.

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2019-04-22 03:28:02
0m

April 22 03:30 UTC Released

THBased Trade Data

Actual

2 1.76

Forecast

1.28 1.76

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4.03 1.76

April 22 03:30 UTC Released

THBased Import Data

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-7.63 13.7

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-2.95 13.7

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-10.03 13.7

January 31 00:00 UTC 642626642626m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 642626642626m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 654446654446m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 642626642626m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 654446654446m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 642626642626m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642626642626m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642626642626m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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