USD/INR could see a minor bounce to 70.00, as the relative strength index (RSI) on the hourly chart has diverged in favor of the bulls. Hourly chart The bullish divergence of the RSI seen in the above chart indicates scope for a test of supply around the descending trendline resistance, currently located at 70.06. Acceptance above trendline would neutralize immediate bearish pressures. As of writing, the pair is trading at 69.74. Trend: oversold bounce likely 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 Ledger unveils vulnerabilities in Trezor’s wallets FX Street 4 years USD/INR could see a minor bounce to 70.00, as the relative strength index (RSI) on the hourly chart has diverged in favor of the bulls. Hourly chart The bullish divergence of the RSI seen in the above chart indicates scope for a test of supply around the descending trendline resistance, currently located at 70.06. Acceptance above trendline would neutralize immediate bearish pressures. As of writing, the pair is trading at 69.74. Trend: oversold bounce likely 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.
