USD/INR stays mildly offered below 10-day SMA, inside a bullish chart pattern. Short-term falling trend line adds filters to the upside. Bears eyeing October lows have multiple barriers to conquer. USD/INR struggles to fill the downside gap on the week’s start ahead of Monday’s Indian session. The quote began the week around 73.65, down from 73.74, before recently bouncing off 73.64. Even so, USD/INR sellers dominate below 10-day SMA while eyeing a re-test of the last Wednesday’s low near 73.54. Though, the pair’s declines past-73.54 will attack the support line of the stated bullish formation, at 73.29 now, before targeting October’s low near 72.95. Meanwhile, an upside clearance of 10-day SMA, at 73.72 now, will seek to confirm the bullish play by highlighting the falling trend line from November 13, currently around 73.90. Also acting as the key resistance is a resistance line stretched from November 27, near 73.95, which holds the key to the pair’s run-up towards November 13 high near 74.80. 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 Asian Stock Market: Mildly bid over stimulus, vaccine hopes FX Street 2 years USD/INR stays mildly offered below 10-day SMA, inside a bullish chart pattern. Short-term falling trend line adds filters to the upside. Bears eyeing October lows have multiple barriers to conquer. USD/INR struggles to fill the downside gap on the week’s start ahead of Monday’s Indian session. The quote began the week around 73.65, down from 73.74, before recently bouncing off 73.64. Even so, USD/INR sellers dominate below 10-day SMA while eyeing a re-test of the last Wednesday’s low near 73.54. Though, the pair’s declines past-73.54 will attack the support line of the stated bullish formation, at 73.29 now, before targeting… 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.
