The USD/INR pair has retreated towards September, October and current January lows at 73.08/72.99 which so far continues to withstand the pressure, as Commerzbank’s Axel Rudolph notes. Key quotes “The recent slide of the USD/INR pair has taken it to key support seen at the 73.08/72.99 September and October lows. This continues to hold for the time being. Further down sits strong support at 72.76/41, made up of the January and February 24 highs.” “Resistance above the 73.63 early December low comes in between the 55-day moving average at 74.08 and the three month resistance line at 74.15.” “While the cross remains below the 74.43 December high, overall downside pressure should retain the upper hand. Above it sit the early and mid-November highs at 74.99/75.28. Only a currently unexpected rise above this area would push the mid-July and August highs at 75.57/78 back to the fore.” 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 AUD/USD retreats further from multi-month tops, closer to mid-0.7700s FX Street 11 months The USD/INR pair has retreated towards September, October and current January lows at 73.08/72.99 which so far continues to withstand the pressure, as Commerzbank’s Axel Rudolph notes. Key quotes “The recent slide of the USD/INR pair has taken it to key support seen at the 73.08/72.99 September and October lows. This continues to hold for the time being. Further down sits strong support at 72.76/41, made up of the January and February 24 highs.” “Resistance above the 73.63 early December low comes in between the 55-day moving average at 74.08 and the three month resistance line at 74.15.” “While the… Top 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.
