Search ForexCrunch

USD/INR fell 0.51 percent yesterday, confirming a downside break of the contracting triangle on the daily chart.  

The 14-day relative strength index (RSI) is reporting bearish conditions below 50. The pair, therefore, risks falling to 70.405 (Feb. 13 low).  

The breakdown, however, could be short-lived if Ind-Pak tensions rise.  

Daily chart

Trend: Bearish