USD/INR is currently trading at 68.815 – down 0.15 percent on the day – having registered a 0.35 percent on Monday. As seen in the 4-hour chart, the pair is creating a narrowing price range of symmetrical triangle-like pattern on the 4-hour chart. As of writing, the upper edge of the triangle is seen at 69.16 and the lower edge is located at 68.66. A break below 68.66 would confirm triangle breakdown and allow a re-test of the recent low of 68.34. The RSI on the 4-hour chart has fallen back into bearish territory below 50.00 and will breach the ascending trendline if the spot suffers range breakdown. The corrective bounce, however, may gather pace if the upper edge of the flag is breached. 4-hour chart Trend: Bearish below 68.66 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 GBP/USD: Upside remains capped amid Brexit uncertainty FX Street 4 years USD/INR is currently trading at 68.815 - down 0.15 percent on the day - having registered a 0.35 percent on Monday. As seen in the 4-hour chart, the pair is creating a narrowing price range of symmetrical triangle-like pattern on the 4-hour chart. As of writing, the upper edge of the triangle is seen at 69.16 and the lower edge is located at 68.66. A break below 68.66 would confirm triangle breakdown and allow a re-test of the recent low of 68.34. The RSI on the 4-hour chart has fallen back into bearish territory below 50.00 and will… 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.
