FxWirePro- Major Pair levels and bias summary 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Woodies Pivot(Major) 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
- USD/INR is currently trading around 67.42 marks.
- It made intraday high at 67.46 and low at 67.40 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 67.52 marks.
- Key resistances are seen at 67.52, 67.71, 67.84, 67.95, 68.02, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
- On the other side, initial supports are seen at 67.32, 67.15, 67.09, 66.91, 66.75, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.23, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s BSE Sensex was trading 0.21% higher at 27,225.41 and NSE Nifty was down by 0.07% to 8,341.85 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend. Current downside movement is short term trend correction only.
We prefer to take short position in USD/INR only below 67.38, stop loss at 67.52 and target of 67.15/ 66.90 marks.
