USD/INR closed above 69.04 on Friday, validating the bullish outside-day created last Tuesday. The pair also closed above the descending 10-day moving average (10-day MA) aborting the immediate bearish view Further, it has created a bullish hammer candle on the weekly, which is widely considered an advance warning of a potential trend reversal. As a result, the spot could find acceptance above the immediate resistance of 69.2325 (January low) and rise toward the psychological hurdle of 70.00 over the next few days. Daily chart Trend: Bullish 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 A section of US treasury yield curve inverts for first since 2007 FX Street 4 years USD/INR closed above 69.04 on Friday, validating the bullish outside-day created last Tuesday. The pair also closed above the descending 10-day moving average (10-day MA) aborting the immediate bearish view Further, it has created a bullish hammer candle on the weekly, which is widely considered an advance warning of a potential trend reversal. As a result, the spot could find acceptance above the immediate resistance of 69.2325 (January low) and rise toward the psychological hurdle of 70.00 over the next few days. Daily chart Trend: Bullish 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.
