- 50-DMA, 9-week old descending trend-line questions the USD/INR pair’s latest recovery.
- 68.25/30 continues to be the key support.
The USD/INR pair’s recovery from multi-month lows struggles to find the traction as it trades beneath crucial resistance-confluence, near 69.00, heading into Europe open on Monday.
The 50-day moving average (50-DMA) and more than 2-month old descending trend-line question the buyers around 69.30 with gradually rising 14-day relative strength index (RSI).
Should prices rise past-69.30, 23.6% Fibonacci retracement of October 2018 to July 2019 downpour around 69.85 and 70.00 round-figure could flash on bulls’ screen.
Alternatively, 68.60 and 68.25/30 holds the key to the pair’s fresh south-run towards sub-68.00 area.
USD/INR daily chart
Trend: Pullback expected
Additional important levels
|Today last price||68.9575|
|Today Daily Change||0.0170|
|Today Daily Change %||0.02%|
|Today daily open||68.9405|
|Previous Daily High||68.9475|
|Previous Daily Low||68.6069|
|Previous Weekly High||69.05|
|Previous Weekly Low||68.3975|
|Previous Monthly High||70.1225|
|Previous Monthly Low||68.8755|
|Daily Fibonacci 38.2%||68.8174|
|Daily Fibonacci 61.8%||68.737|
|Daily Pivot Point S1||68.7158|
|Daily Pivot Point S2||68.491|
|Daily Pivot Point S3||68.3752|
|Daily Pivot Point R1||69.0564|
|Daily Pivot Point R2||69.1722|
|Daily Pivot Point R3||69.397|
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.