USD/INR Price News: Indian rupee faces stiff resistance at 200-SMA on 4H

  • USD/INR is defending the 200-SMA support on the 4H chart.
  • The 50 and 100-SMAs confluence at 74.57 continue to guard the upside.
  • RSI ticks higher but remains below the midline, backing the bears.

After witnessing good two-way business on Monday, USD/INR is posting small gains in Tuesday’s Asian trading amid a mixed market sentiment.

The spot is hovering in the lower bound of the recent trading range blow mid-74s due to the recent decline in the US dollar across its main peers.  

Looking at USD/INR’s four-hour chart, the cross has managed to defend the 200-Simple Moving Average (SMA) at 74.29 (for now).

With the Relative Strength Index (RSI) seeing an uptick, the price has bounced off lows. However, the leading indicator continues to hold within the bearish region, suggesting that the bearish bias remains well in place for the currency pair.

A four-hourly closing below the 200-SMA is needed to expose the 74.00 mark.

USD/INR: Four-hour chart

On the flip side, immediate resistance is placed at the mildly bearish 21-SMA at 74.43. Further up, the buyers could aim for the July 21 high of 74.66.

The bulls need a sustained break above 74.57, which is the confluence of the horizontal 50 and 100-SMAs, in order to sustain a meaningful recovery towards 0.7500.

USD/INR: Additional levels


Today last price 74.336
Today Daily Change 0.0586
Today Daily Change % 0.08
Today daily open 74.2774
Daily SMA20 74.5409
Daily SMA50 73.8026
Daily SMA100 73.7352
Daily SMA200 73.6065
Previous Daily High 74.578
Previous Daily Low 74.2683
Previous Weekly High 75.0155
Previous Weekly Low 74.3213
Previous Monthly High 74.5135
Previous Monthly Low 72.4854
Daily Fibonacci 38.2% 74.3866
Daily Fibonacci 61.8% 74.4597
Daily Pivot Point S1 74.1711
Daily Pivot Point S2 74.0648
Daily Pivot Point S3 73.8613
Daily Pivot Point R1 74.4808
Daily Pivot Point R2 74.6843
Daily Pivot Point R3 74.7906



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD battles with 1.1700 as the market mood turns sour

Poor German data and renewed concerns about a default of the Chinese Evergrande property giant undermined investors’ sentiment, pushing them into the dollar’s safety.


GBP/USD accelerates its slump, trades around 1.3650

GBP/USD is under strong selling pressure, trimming most of its post-BOE gains. Concerns about the global financial health and slow moves towards tapering weigh on markets.


XAU/USD hangs near multi-week lows, around $1,745 ahead of Powell

Gold struggled to capitalize on its attempted intraday recovery move. Hawkish Fed/BoE, rising bond yields acted as a headwind for the metal. Resurgent USD demand exerted additional pressure on the commodity.

Gold News

PBoC imposes ban on crypto trading as it fosters ‘illegal financial activity’

PBoC bans crypto trading activities and a plethora of associated services, labeling it “illegal.” Overseas cryptocurrency exchanges providing services to Chinese residents will be investigated in accordance with the law. 

Read more

Evergrande, VIX and yields make for choppy day ahead

Equity markets remain focused on Evergrande as rumours of a possible default on overseas debt swirl. The market appears to be on the hunt for negative news, which leads us to conclude that stocks are going lower in the short term.

Read more