USD/INR is currently trading at 71.28, having seen a strong bounce from the 200-day moving average (MA) on Wednesday. The upside was capped by the 100-day MA earlier this month. As of writing, the 200- and 100-day MAs are located at 70.47 and 71.69. While the quick recovery from the 200-week MA has neutralized the immediate bearish setup, a move above the bearish lower high of 71.82 is needed to confirm a bullish reversal. That would expose resistance levels lined up at 72.55 (Dec. 10 high) and 73.07 (Nov. 12 high). Daily chart Trend: Neutral 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 NZD/USD Technical Analysis: Failure to cross 0.6850 signals 0.6790 comeback FX Street 3 years USD/INR is currently trading at 71.28, having seen a strong bounce from the 200-day moving average (MA) on Wednesday. The upside was capped by the 100-day MA earlier this month. As of writing, the 200- and 100-day MAs are located at 70.47 and 71.69. While the quick recovery from the 200-week MA has neutralized the immediate bearish setup, a move above the bearish lower high of 71.82 is needed to confirm a bullish reversal. That would expose resistance levels lined up at 72.55 (Dec. 10 high) and 73.07 (Nov. 12 high). Daily chart Trend: Neutral 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.
