USD/INR Price News: Indian rupee buyers attack 10-DMA on Tuesday’s Doji


  • USD/INR retreats towards intraday low, posts the heaviest daily losses since last Thursday.
  • Doji suggests trend reversal, 10-DMA guards immediate downside.
  • Easing bullish bias of MACD histogram, RSI conditions tease sellers.

USD/INR extends pullback from intraday top to 74.23, down 0.07% on a day, ahead of Wednesday’s European session. In doing so, the Indian rupee (INR) pair remains between 10-day SMA (DMA) and a three-month-old horizontal hurdle.

However, the pair’s Doji candlestick on Tuesday joins the oscillators suggesting the bulls’ hesitance, registered by MACD and RSI, to keep the pair sellers hopeful.

Hence, a daily closing below the 10-DMA level of 74.21 will be the key for bear’s entry targeting the 74.00 threshold.

During the quote’s weakness past the 74.00 round figure, early May tops surrounding 73.70 will be on USD/INR sellers’ radar.

Meanwhile, multiple levels marked since early April guards the pair’s short-term advances near 74.55 before directing the USD/INR bulls to the 75.00 psychological magnet.

Though, any further upside beyond 75.00 becomes difficult, which if portrayed could highlight the yearly top near 75.65 for the buyers.

USD/INR daily chart

Trend: Pullback expected

Additional important levels

Overview
Today last price 74.2355
Today Daily Change -0.0433
Today Daily Change % -0.06%
Today daily open 74.2788
 
Trends
Daily SMA20 73.6113
Daily SMA50 73.5944
Daily SMA100 73.4175
Daily SMA200 73.5004
 
Levels
Previous Daily High 74.336
Previous Daily Low 74.202
Previous Weekly High 74.5135
Previous Weekly Low 74.0585
Previous Monthly High 74.311
Previous Monthly Low 72.3386
Daily Fibonacci 38.2% 74.2848
Daily Fibonacci 61.8% 74.2532
Daily Pivot Point S1 74.2086
Daily Pivot Point S2 74.1383
Daily Pivot Point S3 74.0746
Daily Pivot Point R1 74.3425
Daily Pivot Point R2 74.4062
Daily Pivot Point R3 74.4764

 

 

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