USD/INR trades near one-week low amid failure to rise beyond key technical indicators. 70.40/36 gains sellers’ attention for now. With its failure to cross near-term key resistance-confluence, USD/INR remains under pressure while taking rounds to 70.90 ahead of the European open on Tuesday. As a result, sellers are targeting 70.40/36 area that comprises of lows marked during August 08 and September 30. However, pair’s further declines might not refrain from visiting 61.8% Fibonacci retracement level of July-September upside, at 69.93. Meanwhile, an upside clearance of 70.95/71.00 region including 38.2% Fibonacci retracement level and 50-day Exponential Moving Average (EMA) could challenge 23.6% Fibonacci retracement level around 71.60 prior to aiming the monthly top surrounding 71.80. USD/INR daily chart Trend: bearish 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 Litecoin price analysis: LTC/USD keeps trending in a narrow >$10 range FX Street 3 years USD/INR trades near one-week low amid failure to rise beyond key technical indicators. 70.40/36 gains sellers' attention for now. With its failure to cross near-term key resistance-confluence, USD/INR remains under pressure while taking rounds to 70.90 ahead of the European open on Tuesday. As a result, sellers are targeting 70.40/36 area that comprises of lows marked during August 08 and September 30. However, pair's further declines might not refrain from visiting 61.8% Fibonacci retracement level of July-September upside, at 69.93. Meanwhile, an upside clearance of 70.95/71.00 region including 38.2% Fibonacci retracement level and 50-day Exponential Moving Average (EMA) could challenge… 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.
