USDCHF PPI-Powered Spike Fades: Sell Rallies Near 0.7750 – Eyes 0.7500 Drop 
NZDJPY Poised to Break Higher: Buy-the-Dip Strategy Above 91.40 Support 
AUDJPY Powers Up: Bullish Bias Holds Above 107 – Eyes 110 on Breakout 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ZAR gains mild momentum, trend remains bearish 
EUR/GBP Slumps to 0.86598 — Bears Dominate While 0.86750 Caps Any Bounce 
FxWirePro: GBP/NZD maintains bearish bias with focus on 2.2650 level 
FxWirePro: GBP/USD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/AUD downtrend slows, but bearish sentiment remains 
Oil Spikes on US-Iran Fire: $66 Highs Hit, Buy the Dip at $57–58 for $63 Bounce 
EURJPY Trapped in Bearish Squeeze: Sell Rallies Near 184 – 180 in Sight 
FxWirePro- Major Pair levels and bias summary 
GBPJPY Bulls Stay in Charge: Holding 210 Unlocks 214+ Upside – Buy the Dip 
CAD/JPY Bounces to 113.22 — BOC Hold Sparks Dip-Buy Setup Toward 115 
CAD/JPY Dips After Weak GDP – Buy the Pullback at 113, Eyes 115 Breakout 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: EUR/AUD gains some upside momentum but still bearish 
- USD/INR is currently trading around 67.46 marks.
- It made intraday high at 67.67 and low at 67.43 marks.
- Intraday bias remains bullish till the time pair holds key support at 67.32 marks.
- Key resistances are seen at 67.35, 67.51, 67.81, 68.05 (crossover of 20D, 30D and 55D EMA) and 68.35 (March 1, 2016 high) respectively.
- On the other side, initial supports are seen at 67.35, 67.06, 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 0.38% higher at 26,625.99 and NSE Nifty was down by 0.41% to 8,138.10 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 long position in USD/INR at 67.38 with stop loss at 67.17 and target of 67.67/67.81 marks.
