USD/INR is currently trading at 71.05, having faced rejection at the upper edge of the contracting triangle. Daily chart As seen above, the pair is trapped in a narrowing price range. The upper end of the range is currently seen at 71.32 and the lower end is located at 70.82. The pair gapped higher today due to Indo-Pak tensions. The buyers, however, failed to penetrate the triangle resistance of 71.32. A close below 70.82 would expose the bullish higher low of 70.40 (Feb. 13 low). In fact, the pair may gap lower below 70.80 tomorrow if Fed’s Powell ignores the recent US-China trade optimism and reiterates patience on rate hikes during his Congressional testimony. 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 Tapatalk to potentially introduce EOS to over 300 million users FX Street 4 years USD/INR is currently trading at 71.05, having faced rejection at the upper edge of the contracting triangle. Daily chart As seen above, the pair is trapped in a narrowing price range. The upper end of the range is currently seen at 71.32 and the lower end is located at 70.82. The pair gapped higher today due to Indo-Pak tensions. The buyers, however, failed to penetrate the triangle resistance of 71.32. A close below 70.82 would expose the bullish higher low of 70.40 (Feb. 13 low). In fact, the pair may gap lower below 70.80 tomorrow if Fed's Powell… 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.
