USD/INR again confronts monthly resistance line while taking the bids near 75.80. Bearish MACD suggests repetition of the recent pattern marking loss after the gain. An upside clearance can refresh monthly top while bears may have to break April low to mark their strength. USD/INR takes the bids near 75.80, up 0.32% on a day, while heading into the European session on Thursday. In doing so, the pair confronts the monthly resistance line while also repeating the recent pattern of gain-followed-by-loss on the daily chart. Not only the short-term trading pattern and immediate resistance line, at 75.85 now, but bearish MACD also cuts down the odds of the pair’s further upside. As a result, sellers are targeting 75.50 as nearby support ahead of the key April month low near 74.95, a break of which can recall late-March lows near 74.40. Alternatively, pair’s sustained trading above 75.85 will refresh the monthly top of 76.20 whereas April 21 high of 76.98 and the April monthly peak close to 77.38 could lure the bulls afterward. 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 tBTC shuts down two days after the token launch on Ethereum mainnet FX Street 2 years USD/INR again confronts monthly resistance line while taking the bids near 75.80. Bearish MACD suggests repetition of the recent pattern marking loss after the gain. An upside clearance can refresh monthly top while bears may have to break April low to mark their strength. USD/INR takes the bids near 75.80, up 0.32% on a day, while heading into the European session on Thursday. In doing so, the pair confronts the monthly resistance line while also repeating the recent pattern of gain-followed-by-loss on the daily chart. Not only the short-term trading pattern and immediate resistance line, at 75.85 now, but bearish… 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.
