USD/INR’s bear flag could drive the price down. The level to beat for sellers is the 71.20 level. USD/INR weekly chart The market is trading above the main weekly simple moving averages (SMAs). After the 2018 bull market, USD/INR has been consolidating in a rectangle formation. USD/INR daily chart The spot formed a bear flag pattern within a rectangle. Bears want to break below the 71.20 support to drive the market towards the 70.40 level. On the flip side, a break above the 72.00 figure could open the gates to 72.40 resistance. 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 NZD/USD erases early gains, turns flat near 0.6460 ahead of NZ jobs data FX Street 2 years USD/INR’s bear flag could drive the price down. The level to beat for sellers is the 71.20 level. USD/INR weekly chart The market is trading above the main weekly simple moving averages (SMAs). After the 2018 bull market, USD/INR has been consolidating in a rectangle formation. USD/INR daily chart The spot formed a bear flag pattern within a rectangle. Bears want to break below the 71.20 support to drive the market towards the 70.40 level. On the flip side, a break above the 72.00 figure could open the gates to 72.40 resistance. Additional key… 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.
