USD/INR Technical Analysis: Seesaws between 8-day-old resistance trendline, 21-day EMA USD/INR takes the bids to 71.84, also crossing the 61.8% Fibonacci retracement of September month downpour, during early Tuesday’s Asian session. Even so, the quote stays between an eight-day-old falling resistance line and a 21-day Exponential Moving Average (EMA). However, upbeat conditions of the 14-bar Relative Strength Index (RSI) indicate the underlying strength of the momentum, which in turn increases the odds of pair’s rise to the monthly top near 72.37 on the break of 71.95 trend line resistance. Read more”¦ USD/INR: Rupee opens firmer amid trade optimism, RBI rate cut calls The USD/INR pair is seen on the back foot near four-day lows of 71.609, starting out this Tuesday’s business, as the rupee benefits from the rise in its Chinese peers on fresh trade talks momentum. Both US and Chinese top trade negotiators held a phone call earlier today and reached a trade consensus on resolving the issues. Moreover, the strength in the rupee can be attributed to rising hopes of fresh stimulus from the Indian government to counter a slowdown in the economy. According to a report in The Economic Times, the Prime Minister’s Office (PMO) and the finance ministry are actively contemplating a one-time loan recast for real estate developers and have sought the view of the Reserve Bank of India (RBI) on the matter, per Reuters. Read more… FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next World trade shrinks as uncertainty reigns – ING FX Street 3 years USD/INR Technical Analysis: Seesaws between 8-day-old resistance trendline, 21-day EMA USD/INR takes the bids to 71.84, also crossing the 61.8% Fibonacci retracement of September month downpour, during early Tuesday's Asian session. Even so, the quote stays between an eight-day-old falling resistance line and a 21-day Exponential Moving Average (EMA). However, upbeat conditions of the 14-bar Relative Strength Index (RSI) indicate the underlying strength of the momentum, which in turn increases the odds of pair's rise to the monthly top near 72.37 on the break of 71.95 trend line resistance. Read more"¦ USD/INR: Rupee opens firmer amid trade optimism, RBI rate… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
