USD/INR Price News: RSI divergence favors Indian rupee to print mild gains below 75.00

  • USD/INR eases from three-month top, probes three-day uptrend.
  • Bearish divergence of RSI challenges pair buyers, 100-SMA support in focus.
  • Fresh upside can aim for monthly resistance line before the yearly top.

USD/INR steps back from the highest since late April, down 0.14% intraday around 74.88, as European traders brace for Tuesday’s bell.

With the higher-high formation of the Indian rupee (INR) pair contradicting the lower-high of RSI, a bearish divergence appears on the four-hour chart.

The same joins overbought RSI conditions to trigger the quote’s latest pullback from the multi-day top. However, the further downside will be tested by the 100-SMA level of 74.55.

Should the USD/INR fails to bounce off 74.55, the monthly low of 74.25 and the 74.00 threshold could return to the chart.

On the flip side, fresh buying may wait for a clear run-up beyond the 75.00 round figure. Also challenging the USD/INR bulls is an ascending support line from June 18, near 75.40.

However, a sustained upside past 75.40 will not hesitate to challenge the yearly high close to $75.60.

USD/INR: Four-hour chart

Trend: Pullback expected 

Additional important levels

Today last price 74.882
Today Daily Change -0.1064
Today Daily Change % -0.14%
Today daily open 74.9884
Daily SMA20 74.4819
Daily SMA50 73.6978
Daily SMA100 73.6722
Daily SMA200 73.5797
Previous Daily High 75.0155
Previous Daily Low 74.631
Previous Weekly High 74.8515
Previous Weekly Low 74.4034
Previous Monthly High 74.5135
Previous Monthly Low 72.4854
Daily Fibonacci 38.2% 74.8686
Daily Fibonacci 61.8% 74.7779
Daily Pivot Point S1 74.7411
Daily Pivot Point S2 74.4938
Daily Pivot Point S3 74.3566
Daily Pivot Point R1 75.1256
Daily Pivot Point R2 75.2628
Daily Pivot Point R3 75.5101



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