USD/INR bull trend stays intact as the spot is trading off three-decades highs. A deeper retracement down could be on the cards. USD/INR weekly chart USD/INR is trading above the main weekly simple moving averages (SMAs) while trading near three-decade highs just above the 74.00 handle. Over the weekend in order to face the coronavirus crises, the Federal Reserves cut interest rates by surprise by 100bps to 0%. USD/INR daily chart The quote is fading the 75.00 figure while challenging the 74.00 support level. A daily close below the 73.50 level can trigger a deeper retracement down towards 73.00 and 72.50 levels. On the flip side, bulls would need to recapture the 75.50 resistance in order to sail into uncharted territories. Additional key levels 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 XRP Price Analysis: XRP/USD another wave of downside pressure imminent FX Street 2 years USD/INR bull trend stays intact as the spot is trading off three-decades highs. A deeper retracement down could be on the cards. USD/INR weekly chart USD/INR is trading above the main weekly simple moving averages (SMAs) while trading near three-decade highs just above the 74.00 handle. Over the weekend in order to face the coronavirus crises, the Federal Reserves cut interest rates by surprise by 100bps to 0%. USD/INR daily chart The quote is fading the 75.00 figure while challenging the 74.00 support level. A daily close below the 73.50 level can trigger a deeper retracement… 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.
