USD/INR stays well bid after confirming a bullish chart pattern. Receding bearish bias of MACD directs the run-up towards one-week-old previous support line. Pullback moves need to revisit sub-75.00 area to recall the sellers. USD/INR remains on the front foot around 75.35, up 0.45% intraday, amid the initial Indian session trading on Thursday. In doing so, the quote defies the recent consolidation by breaking above a short-term falling channel pattern, part of the bullish flag. The confirmation of a bullish chart pattern joins the receding bearish bias of the MACD to direct USD/INR bulls towards the monthly high, also the highest since July, around 75.50. However, the quote’s further upside will be tamed by the previous support line from April 08, around 75.50 by the press time. Meanwhile, the 75.00 threshold restricts the quote’s short-term downside ahead of the flag’s support line around 74.80. It should, however, be noted that the USD/INR weakness past-74.80 will make it vulnerable to revisit the April 08 low near 74.18 before highlighting the monthly low of 73.16. USD/INR four-hour chart Trend: Bullish 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 Chainlink adoption soars, but LINK price may retrace before setting up new all-time highs FX Street 2 years USD/INR stays well bid after confirming a bullish chart pattern. Receding bearish bias of MACD directs the run-up towards one-week-old previous support line. Pullback moves need to revisit sub-75.00 area to recall the sellers. USD/INR remains on the front foot around 75.35, up 0.45% intraday, amid the initial Indian session trading on Thursday. In doing so, the quote defies the recent consolidation by breaking above a short-term falling channel pattern, part of the bullish flag. The confirmation of a bullish chart pattern joins the receding bearish bias of the MACD to direct USD/INR bulls towards the monthly high, also the… 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.
