USD/INR remains on the front foot while refreshing the record high. Bearish MACD, nearly overbought RSI could trigger pullback from the upper bank of the Bollinger. After multiple attempts to take out the monthly ascending trend line, USD/INR refreshes the record high to 76.82, currently up 0.25% to 76.77, ahead of the European market open on Thursday. The pair currently rises towards the upper bank of the Bollinger, near 77.00, but overbought RSI conditions and bearish MACD might trigger a pullback around then. However, sellers are less likely to enter the trade unless the pair drops below the resistance-turned-support line, at 76.67 now, while targeting the middle-band of the Bollinger, near 76.02. It should also be noted that any further selling below 76.02 will target March 27 low surrounding 74.36. On the fundamental side, the International Monetary Fund’s (IMF) warning for Asian economies and the coronavirus outbreak in India seems to keep the pair buyers hopeful. USD/INR daily chart Trend: Bullish 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 Australian PM Morrison: National Cabinet attention is turning to road out to post-coronavirus recovery FX Street 2 years USD/INR remains on the front foot while refreshing the record high. Bearish MACD, nearly overbought RSI could trigger pullback from the upper bank of the Bollinger. After multiple attempts to take out the monthly ascending trend line, USD/INR refreshes the record high to 76.82, currently up 0.25% to 76.77, ahead of the European market open on Thursday. The pair currently rises towards the upper bank of the Bollinger, near 77.00, but overbought RSI conditions and bearish MACD might trigger a pullback around then. However, sellers are less likely to enter the trade unless the pair drops below the resistance-turned-support line,… 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.
