USD/INR reverses the previous week’s gains, refreshes intraday low off-late. Nine-month-old resistance line guards upside, bears eye horizontal support since November 2019. USD/INR remains pressured around 72.84, down 0.44% refreshing intraday low, during the initial Indian session on Friday. In doing so, the Indian rupee pair reverses the previous week’s heavy gains that refreshed the yearly top, before stepping back from a descending resistance line from June 2020. Although notable weakness from the key resistance line joins normal RSI to please USD/INR bears, a horizontal area comprising multiple levels since November 2019, around 72.20-15, becomes a tough nut to crack for them. Meanwhile, an upside clearance of the 73.65 hurdle, including the stated resistance line, needs to cross the previous week’s top near 74.20 to visit November 2020 peak surrounding the 75.00 threshold. Overall, USD/INR is inside a bullish chart formation, descending triangle, which needs confirmation and hence traders will look for key details, like today’s US NFP, for further upside. Until then, bears are likely to keep the reins. USD/INR weekly 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 Uniswap Price Forecast: UNI eyes freefall to $25 before recovery to record highs FX Street 1 year USD/INR reverses the previous week's gains, refreshes intraday low off-late. Nine-month-old resistance line guards upside, bears eye horizontal support since November 2019. USD/INR remains pressured around 72.84, down 0.44% refreshing intraday low, during the initial Indian session on Friday. In doing so, the Indian rupee pair reverses the previous week's heavy gains that refreshed the yearly top, before stepping back from a descending resistance line from June 2020. Although notable weakness from the key resistance line joins normal RSI to please USD/INR bears, a horizontal area comprising multiple levels since November 2019, around 72.20-15, becomes a tough nut to crack… 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.
