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. 
 

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

 

 

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