USD/INR bull trend remains intact as the quote is trading off three-decades highs. A deeper pullback down cannot be ruled out for USD/INR. USD/INR weekly chart USD/INR is trading above its main weekly simple moving averages (SMAs) while trading near three-decade highs approaching the 75.00 handle. Over the weekend, to counter the coronavirus crises, the Federal Reserves cut interest rates by surprise by 100bps to 0%. USD/INR daily chart USD/INR is fading the 75.00 figure while holding above the 74.00 support level. A daily close below the 73.50 level can lead to a deeper pullback down towards 73.00 and 72.50 levels. Conversely, buyers would need to regain the 75.50 resistance in order to march 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 RBA and Australian Employment Preview: Modest cut will hardly do something for the economy FX Street 2 years USD/INR bull trend remains intact as the quote is trading off three-decades highs. A deeper pullback down cannot be ruled out for USD/INR. USD/INR weekly chart USD/INR is trading above its main weekly simple moving averages (SMAs) while trading near three-decade highs approaching the 75.00 handle. Over the weekend, to counter the coronavirus crises, the Federal Reserves cut interest rates by surprise by 100bps to 0%. USD/INR daily chart USD/INR is fading the 75.00 figure while holding above the 74.00 support level. A daily close below the 73.50 level can lead to a deeper pullback down… 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.
