- Analytics
- News and Tools
- Market News
- USD/INR Price News: Indian rupee bulls look set for further weakness below 75.00
USD/INR Price News: Indian rupee bulls look set for further weakness below 75.00
- USD/INR grinds lower following a U-turn from two-week high.
- Sustained trading below 20-DMA, immediate resistance line joins bearish MACD signals to favor sellers.
- July’s high adds strength to 75.00-05 resistance confluence, 14-week-long horizontal area offers extra support.
USD/INR remains on a back foot around 74.85, following the week-start losses, during early Tuesday.
The Indian rupee (INR) pair jumped to the highest in two weeks before dropping back below a three-week-old resistance line and 20-DMA.
The pullback moves gain support from the bearish MACD signals to direct the sellers toward an ascending support line from early September, near 74.73.
Adding to the downside filter is a horizontal area comprising multiple tops marked since late July around 74.60-58.
Meanwhile, 20-DMA and the stated resistance line, respectively around 75.00 and 75.05, join the July month’s high to amplify the importance of the 75.00-75.05 resistance convergence.
Should the USD/INR bulls remain dominant past 75.05, the 75.30-35 area may offer an intermediate halt during the run-up to October’s peak of 75.65.
USD/INR: Daily chart
Trend: Further weakness expected
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
