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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
- USD/INR is currently trading around 69.76 marks.
- It made intraday high at 69.85 and low at 69.71 marks.
- Intraday bias remains slightly bearish till the time pair holds immediate resistance at 70.20 marks.
- Key resistances are seen at 70.20, 70.52, 70.85, 70.97, 71.23 and 71.51 marks respectively.
- On the other side, initial supports are seen at 69.70, 69.46, 69.22, 68.92, 68.49, 67.88 and 67.67 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 0.16 pct higher at 11,848.55 points and BSE Sensex was trading 0.26 pct higher at 39,454.79 points.
We prefer to take long position on USD/INR only above 69.85, stop loss 69.50 and target of 70.20/70.42.
