USD/INR stays below the one-week-old falling trend line. 50-bar EMA has been limiting the pair’s downside since November 07. The month-start top will follow the breakdown. USD/INR remains below near-term resistance line while still managing to trade beyond 50-day EMA. That said, the quote takes rounds to 71.75 by the early Asian session on Friday. While an upside clearance of a one-week-old falling trend line, at 72.00, will trigger fresh run-up to the monthly top surrounding 72.38. pair’s declines below 50-bar Exponential Moving Average (EMA) level of 71.72 can drag prices to the November 01 high near 71.30. Additionally, the September month high near 72.65 and the 70.37/36 area, including lows marked on August 08 and also in September, could entertain traders during the pair’s break of either 72.38 or 71.30 respectively. It should also be noted that the 14-bar Relative Strength Index (RSI) has been under pressure off-late, which in turn favors sellers more than otherwise. USD/INR 4-Hour 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 EUR/JPY: Bulls and bears tug of war over 21-DMA FX Street 3 years USD/INR stays below the one-week-old falling trend line. 50-bar EMA has been limiting the pair's downside since November 07. The month-start top will follow the breakdown. USD/INR remains below near-term resistance line while still managing to trade beyond 50-day EMA. That said, the quote takes rounds to 71.75 by the early Asian session on Friday. While an upside clearance of a one-week-old falling trend line, at 72.00, will trigger fresh run-up to the monthly top surrounding 72.38. pair's declines below 50-bar Exponential Moving Average (EMA) level of 71.72 can drag prices to the November 01 high near 71.30. Additionally, the… 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.
