- Pair is currently trading at 68.77 levels.
- It made intraday high at 68.78 and low at 68.64 levels.
- Pair is likely to fall further as 20, 30 and 55D EMA heads upside.
- Key resistance falls at 68.84 levels. A daily close above will take the parity towards 69.22 marks.
- Alternatively, reversal from this level will drag the USD/INR around 68.00 levels.
- In addition, NSE Nifty was trading 0.40% higher at 6995 levels and BSE Sensex was trading 0.51% higher at 23069 levels.
- Key events for the parity will be US GDP data due today and Indian fiscal budget due on February 29, 2016.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes 



