USD/INR remains largely unchanged inside a bearish technical formation. 21-day SMA validates further downside below the triangle’s support. 77.00 is on the bulls’ radar above the triangle’s resistance. USD/INR clings to gains above 76.00, currently around 76.30, during the early Monday’s trading session. In doing so, the pair remains inside a short-term rising triangle while staying close to the pattern’s resistance, at 76.45 now. While an upside break of 76.45 enables the bulls to extend the run-up towards 77.00, 21-day SMA level of 75.65 will validate the pair’s declines after it breaks the triangle’s support line, near 75.80 now It’s worth mentioning that the RSI is near to overbought conditions and hence further upside of the pair becomes doubtful whereas fresh selling pressure could witness additional strength from the momentum indicator. USD/INR daily chart Trend: Pullback expected 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 US Dollar Index challenges 2-week lows near 99.40 FX Street 2 years USD/INR remains largely unchanged inside a bearish technical formation. 21-day SMA validates further downside below the triangle’s support. 77.00 is on the bulls’ radar above the triangle’s resistance. USD/INR clings to gains above 76.00, currently around 76.30, during the early Monday’s trading session. In doing so, the pair remains inside a short-term rising triangle while staying close to the pattern’s resistance, at 76.45 now. While an upside break of 76.45 enables the bulls to extend the run-up towards 77.00, 21-day SMA level of 75.65 will validate the pair’s declines after it breaks the triangle’s support line, near 75.80 now It’s… 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.
