USD/INR crosses 61.8% Fibonacci retracement. The quote has been trading between 21-day EMA and short-term falling trend line off-late. Upbeat RSI portrays underlying momentum strength. USD/INR takes the bids to 71.84, also crosses 61.8% Fibonacci retracement of September month downpour, during early Tuesday’s Asian session. Even so, the quote stays between an eight-day-old falling resistance line and a 21-day Exponential Moving Average (EMA). However, upbeat conditions of the 14-bar Relative Strength Index (RSI) indicate the underlying strength of the momentum, which in turn increases the odds of pair’s rise to monthly top near 72.37 on the break of 71.95 trend line resistance. It should also be noted that the September month top near 72.65 and 73.00 round figure will be on the buyers’ radar during the additional run-up. On the contrary, pair’s daily closing below 21-day EMA level of 71.55 can fetch the quote to month-start top close to 71.28. Further, the pair’s extended declines below 71.28 might not refrain from dragging it to the monthly low near 70.50 ahead of highlighting 70.00 psychological magnets. USD/INR daily chart Trend: Sideways 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 RBA Deputy Governor Debelle: Sees steady wage growth over next couple of years FX Street 3 years USD/INR crosses 61.8% Fibonacci retracement. The quote has been trading between 21-day EMA and short-term falling trend line off-late. Upbeat RSI portrays underlying momentum strength. USD/INR takes the bids to 71.84, also crosses 61.8% Fibonacci retracement of September month downpour, during early Tuesday's Asian session. Even so, the quote stays between an eight-day-old falling resistance line and a 21-day Exponential Moving Average (EMA). However, upbeat conditions of the 14-bar Relative Strength Index (RSI) indicate the underlying strength of the momentum, which in turn increases the odds of pair's rise to monthly top near 72.37 on the break of 71.95 trend… 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.
