USD/INR struggles to extend recovery moves from 75.45. 75.45/39 area can offer immediate support ahead of two-month horizontal line. 23.6% Fibonacci retracement, monthly top act as additional resistance. USD/INR eases from the intraday high of 75.77 to 75.69 during the initial Indian trading session on Thursday. In doing so, the pair takes U-turn just ahead of the 50-day SMA while also carrying the pullback from a two-week low flashed on Tuesday. Looking at the normal RSI conditions, coupled with the near-term strong resistance on the upside, the quote might extend its recent weakness towards revisiting the weekly low of 74.46. However, multiple lows around 74.45/39 could restrict the pair’s further weakness. If at all the sellers remain weak past-74.39, horizontal support comprising the lows marked from April, around 75.00-74.99, regain the market’s attention. On the upside, a daily closing beyond 50-day SMA level of 75.80 will escalate the recovery moves toward 23.6% Fibonacci retracement of the pair’s rise between February 26 and April 09, near 76.00. During the bulls’ further dominance past-76.00, the monthly top close to 76.50 will become their favorite. 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 Ethereum Price Forecast: ETH/USD plummets under $230, goodbye $250 FX Street 2 years USD/INR struggles to extend recovery moves from 75.45. 75.45/39 area can offer immediate support ahead of two-month horizontal line. 23.6% Fibonacci retracement, monthly top act as additional resistance. USD/INR eases from the intraday high of 75.77 to 75.69 during the initial Indian trading session on Thursday. In doing so, the pair takes U-turn just ahead of the 50-day SMA while also carrying the pullback from a two-week low flashed on Tuesday. Looking at the normal RSI conditions, coupled with the near-term strong resistance on the upside, the quote might extend its recent weakness towards revisiting the weekly low of 74.46.… 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.