USD/INR stays firm above near-term key supports. 71.91/94 limits the upside attempts amid overbought RSI. Having bounced off short-term support confluence, USD/INR takes the bids to 71.6685 before Thursday’s European session. While a two-week-old support-line and 10-day simple moving average (DMA) limits the pair’s immediate declines, an area comprising early-year highs around 71.91/94 restricts the upside amid overbought conditions of 14-day relative strength index (RSI). In a case prices rally beyond 71.94, bulls may wait for a sustained break beyond the current month high of 72.0051 to target December 2018 top at 72.82. On the downside break of 71.35/36 support-confluence, the pair can drop to 71.08 comprising 61.8% Fibonacci retracement of December 2018 to July 2019 south-run. Should there be further declines below 71.08, May month top surrounding 71.98 and 50% Fibonacci retracement level of 70.54 can come back on the chart. 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 EUR/USD: Bulls struggle to keep the pair above 1.11 ahead of German PMI data FX Street 4 years USD/INR stays firm above near-term key supports. 71.91/94 limits the upside attempts amid overbought RSI. Having bounced off short-term support confluence, USD/INR takes the bids to 71.6685 before Thursday's European session. While a two-week-old support-line and 10-day simple moving average (DMA) limits the pair's immediate declines, an area comprising early-year highs around 71.91/94 restricts the upside amid overbought conditions of 14-day relative strength index (RSI). In a case prices rally beyond 71.94, bulls may wait for a sustained break beyond the current month high of 72.0051 to target December 2018 top at 72.82. On the downside break of 71.35/36 support-confluence,… 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.
