USD/INR technical analysis: Struggles between 50, 100-day SMA

  • USD/INR witnesses pullback from 38.2% Fibonacci retracement.
  • 50% Fibonacci retracement, 70.36/35 add to support.

Following its trading range between the key moving averages, USD/INR declines to 70.72 while heading into the European session on Tuesday.

The quote recently took a U-turn from 38.2% Fibonacci retracement of July-September upside, at 70.96, indicating another visit to 100-day Simple Moving Average (SMA) level of 70.47. Also increasing the strength of the support is 50% Fibonacci retracement.

It should, however, be noted that pair’s declines below 70.47 will aim for 70.36/35 support-zone including lows marked since early August.

During pair’s extended weakness below 70.35, 61.8% Fibonacci retracement level of 69.92 and late-July highs close to 69.36 will become sellers’ favourites.

Meanwhile, pair’s sustained rise past-50-day SMA level of 71.20, can target October high surrounding 71.80 whereas 72.30 and 72.65 could please bulls afterward.

USD/INR daily chart

Trend: sideways

additional important levels

Today last price 70.721
Today Daily Change -0.1355
Today Daily Change % -0.19%
Today daily open 70.8565
Daily SMA20 71.0006
Daily SMA50 71.2158
Daily SMA100 70.4638
Daily SMA200 70.1961
Previous Daily High 71.125
Previous Daily Low 70.4975
Previous Weekly High 71.2825
Previous Weekly Low 70.5329
Previous Monthly High 71.79
Previous Monthly Low 70.6425
Daily Fibonacci 38.2% 70.8853
Daily Fibonacci 61.8% 70.7372
Daily Pivot Point S1 70.5277
Daily Pivot Point S2 70.1988
Daily Pivot Point S3 69.9002
Daily Pivot Point R1 71.1552
Daily Pivot Point R2 71.4538
Daily Pivot Point R3 71.7827



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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Bulls look to test 200-DMA ahead of Eurozone PMIs

EUR/USD edges a few pips higher towards the 200-DMA located at 1.1153 ahead of the German and Eurozone Preliminary Manufacturing and Services PMI reports. Better-than-expected German PMI is needed to avoid a bearish close.


GBP/USD drops back below 1.3400 ahead of UK PMIs

GBP/USD fades an uptick above the 1.34 handle and trades around 1.3380 despite growing optimism over a speedy and soft Brexit. The focus remains on the UK Markit Preliminary PMIs ahead of BOE.


Forex Today: Caution over deal details offset better China data; Brexit optimism, PMIs to dominate

Despite both sides agreeing on the Phase One trade deal on Friday, markets traded with caution, as they remained sceptical over the details of the deal that appear murky.

Read more

Gold: Flatlined after the biggest weekly gain since September

Gold is lacking a clear directional bias in Asia, having eked out its biggest weekly gain in nearly three months. The yellow metal is currently trading at $1,474 per Oz, representing little or no change on the day.

Gold News

USD/JPY clings to modest gains, just below mid-109.00s

The USD/JPY pair edged higher on the first day of a new trading week, albeit lacked any strong follow-through and remained well within the previous session's trading range.