Indian Rupee Price News and Forecast: USD/INR - 70.88 is the level to beat for the bulls
|USD/INR Technical Analysis: 70.88 is the level to beat for the bulls
USD/INR created an inverted hammer candlestick pattern on Friday, snapping a four-day losing streak.
The inverted hammer comprises a small real body, an extended upper wick. The candle's upper wick indicates the bulls are looking to drive the price upwards. As a result, the inverted hammer is considered a sign of bullish reversal, especially if it appears following a notable sell-off.
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