USD/INR refreshes two week high as it crosses 21-day SMA. MACD conditions, successful bounce off 73.00 favor bulls. USD/INR takes the bids near the intraday high of 73.51, up 0.16% on a day, ahead of Monday’s European session. In doing so, the Indian rupee pair jumps past-21-day SMA while rising to the highest since December 29. Not only an upside break of immediate Simple Moving Average (SMA) but MACD conditions also favor USD/INR buyers. The MACD rises to the strongest levels since December 23 by press time. As a result, USD/INR bulls eye a falling trend line from November 04, at 73.67 now, before targeting a 50-day SMA level of 73.80. It should be noted that the 74.00 round-figures and December’s peak around 74.12 will lure the pair buyers beyond 50-day SMA. Alternatively, a failure to keep a 21-day SMA breakout will recall a 73.30 level on the chart. Though, USD/INR sellers will wait for a clear downside break of the 73.00 threshold for fresh entries. Following that, the monthly low, also the lowest since September 2020, near 72.85, will be in the spotlight. USD/INR daily chart Trend: Further upside 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 Crude Oil Futures: Extra gains in the pipeline FX Street 1 year USD/INR refreshes two week high as it crosses 21-day SMA. MACD conditions, successful bounce off 73.00 favor bulls. USD/INR takes the bids near the intraday high of 73.51, up 0.16% on a day, ahead of Monday’s European session. In doing so, the Indian rupee pair jumps past-21-day SMA while rising to the highest since December 29. Not only an upside break of immediate Simple Moving Average (SMA) but MACD conditions also favor USD/INR buyers. The MACD rises to the strongest levels since December 23 by press time. As a result, USD/INR bulls eye a falling trend line from November 04,… 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.