USD/INR Price News: Indian Rupee holds in critical area

USD/INR bulls are tiring following the recent daily bullish impulse.
The supply area achieved is critical and bulls need to move higher from here for a break of the upside.

Ross J Burland FXStreet

USD/INR is consolidating the recent move to the upside and the subsequent correction in critical daily support as follows:

USD/INR daily chart

The price of USD/INR met the daily support zone and is now in the process of consolidation at a critical juncture. If the price fails to move higher from here, there is an argument for a long term consolidation with 74.50 eyed as a downside target.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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