USD/INR signals further upside with the latest bounce off near-term key supports. Sustained break of 71.50 could recall August 13 lows. Channel’s resistance-line will question buyers. The pullback from the 100-bar exponential moving average (EMA) and support-line of three-week-old rising channel portrays the USD/INR pair’s strength as it takes the rounds to 71.90 ahead of Tuesday’s European session. As a result, buyers will seek a sustained break of 72.30 in order to challenge the monthly top surrounding 72.65. However, channel’s resistance-line near 72.80 and 73.00 round-figure could raise barriers for the bulls. Meanwhile, a downside break of 71.65/60 support-confluence requires validation from the recent low near 71.50, which if broken could fetch the quote to August 13 bottom close to 70.70. Should sellers dominate below 70.70, 70.00 round-figure and early-August high close to 69.80 will be on their radars. USD/INR 4-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 Cryptocurrency market update: Bitcoin ETF is apparent, Ethereum and Ripple recover slightly FX Street 4 years USD/INR signals further upside with the latest bounce off near-term key supports. Sustained break of 71.50 could recall August 13 lows. Channel's resistance-line will question buyers. The pullback from the 100-bar exponential moving average (EMA) and support-line of three-week-old rising channel portrays the USD/INR pair's strength as it takes the rounds to 71.90 ahead of Tuesday's European session. As a result, buyers will seek a sustained break of 72.30 in order to challenge the monthly top surrounding 72.65. However, channel's resistance-line near 72.80 and 73.00 round-figure could raise barriers for the bulls. Meanwhile, a downside break of 71.65/60 support-confluence requires… 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.
