The Indian Rupee trades softer on the day. USD/INR keeps the bullish vibe unchanged in the long term since the pair has risen above a nearly four-month-old descending trend channel since last week.
In the near term, USD/INR holds above the key 100-day Exponential Moving Average (EMA) on the daily timeframe. The upward momentum is confirmed by the 14-day Relative Strength Index, which stands at around 68.75 in bullish territory and supports buyers for the time being.
A break above a high of April 3 at 83.55 could spur a move to the next upside targets at an all-time high of 83.70 en route to the 84.00 psychological level. On the other hand, the first support level is seen near a high of March 21 at 83.20. A breach of this level could see a drop to the 83.00-83.50 region (round mark, the 100-day EMA), followed by a low of March 14 at 82.80
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
