USD/INR Technical Analysis: Can the buyers revisit the 72.30 level ?

USD/INR is starting December trading in a tight range.
The level to beat for bulls is the 71.90 level.

Flavio Tosti Independent Analyst

USD/INR daily chart

USD/INR is trading in a bull trend above the main daily simple moving averages (DMAs). The market created a bull flag in November and now the price is consolidating below the 72.00 handle.

USD/INR four-hour chart

A break above the 71.90 resistance can lead to an acceleration towards the 72.30 level in the medium term. However, a breach below 71.60 on a daily basis can see the currency pair retrace down to the 71.25 support level.

Additional key levels

USD/INR

Overview
Today last price	71.7313
Today Daily Change	0.0974
Today Daily Change %	0.14
Today daily open	71.6339

Trends
Daily SMA20	71.5895
Daily SMA50	71.2262
Daily SMA100	70.994
Daily SMA200	70.2363

Levels
Previous Daily High	71.945
Previous Daily Low	71.5885
Previous Weekly High	71.8815
Previous Weekly Low	71.2255
Previous Monthly High	72.37
Previous Monthly Low	70.4975
Daily Fibonacci 38.2%	71.7247
Daily Fibonacci 61.8%	71.8088
Daily Pivot Point S1	71.4999
Daily Pivot Point S2	71.366
Daily Pivot Point S3	71.1434
Daily Pivot Point R1	71.8564
Daily Pivot Point R2	72.079
Daily Pivot Point R3	72.2129

Author

Flavio Tosti

Independent Analyst

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