USD/INR Price News: Indian rupee rises to fresh high since September 2020

  • USD/INR stays depressed near multi-day low, drops for third consecutive day.
  • One-month-old falling trend line, 21-day EMA guard immediate upside.
  • Immediate support line test bears eyeing September 2020 low.

USD/INR drops to 72.85, down 0.05% intraday, ahead of Wednesday’s European session. In doing so, the quote remains heavy near the lowest since September 01 while also marking a three-day losing streak.

With the pair’s repeated failures to cross a descending resistance line from December 23 as well as 21-day EMA, amid an absence of oversold RSI conditions, USD/INR sellers have some room on the downside.

As a result, the latest selling pressure can eye the confluence of September low and a two-week-long falling trend line, currently around 72.76.

However, any further weakness may be tamed by the likely oversold RSI conditions, if not them a downward sloping trend line from November 09, at 72.50 now.

Alternatively, an upside break of the stated resistance line and 21-day EMA, respectively around 73.07 and 73.15, can probe the monthly top of 73.56. Though, the USD/INR bulls may not be convinced unless crossing the 74.00 threshold.

USD/INR daily chart

Trend: Bearish

Additional important levels

Today last price 72.9015
Today Daily Change -0.0022
Today Daily Change % -0.00%
Today daily open 72.9037
Daily SMA20 73.137
Daily SMA50 73.5229
Daily SMA100 73.6417
Daily SMA200 74.4034
Previous Daily High 73.12
Previous Daily Low 72.8652
Previous Weekly High 73.3271
Previous Weekly Low 72.8916
Previous Monthly High 74.1215
Previous Monthly Low 72.9768
Daily Fibonacci 38.2% 72.9625
Daily Fibonacci 61.8% 73.0227
Daily Pivot Point S1 72.8059
Daily Pivot Point S2 72.7082
Daily Pivot Point S3 72.5511
Daily Pivot Point R1 73.0607
Daily Pivot Point R2 73.2178
Daily Pivot Point R3 73.3155



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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD: ECB and US Treasury yields to make it or break it

The EUR/USD pair fell to a fresh 2021 low at 1.1892 this week, ending with a handful of pips above this level. The dollar soared across the board following comments from the head of US Federal Reserve Jerome Powell.


GBP/USD: Dollar bulls taking over

The British Pound was among the best performers against the greenback, surging above the 1.4000 level for the first time this week. Soaring US Treasury yields after Powell’s speech sent the dollar skyrocketing. GBP/USD struggling around 1.3900 and at risk of falling further.


Gold still eyes June 2020 lows at $1670 after weekly closing below $1700

Weekly closing below $1700 keeps the XAU/USD sellers hopeful. A bounce towards 50-SMA on 4H cannot be ruled out in the near-term. RSI stays bearish while gold holds within a potential falling wedge.

Gold News

Ethereum price primed for a swift recovery as the network prepares for a major update in July

Ethereum price aims for a significant recovery towards $2,000. A major upgrade scheduled for July intends to fix the problem with gas fees on Ethereum. ETH miners are not happy with the decision.

Read more

US Dollar Index pushes higher to 92.20 on stellar Payrolls

The march north in the greenback remains unabated and trade in fresh 2021 highs beyond the 92.00 hurdle when tracked by the US Dollar Index (DXY).

US Dollar Index News