USD/INR Price Analysis: Indian Rupee stays on the way to refreshing record low past 83.00
15.08.2023, 03:26

USD/INR Price Analysis: Indian Rupee stays on the way to refreshing record low past 83.00

  • USD/INR bulls occupy driver’s seat at YTD top, up for the third consecutive day.
  • Clear upside break of nine-month-old resistance line, bullish MACD signals favor Indian Rupee sellers.
  • Overbought RSI suggests limited upside room, highlighting record high marked in 2022.
  • Pullback remains elusive beyond 82.75; bulls could aim for 84.00 round figure.

USD/INR defends the previous day’s upside break of the key resistance line while sticking to mild intraday gains around the yearly high amid early Tuesday. With this, the Indian Rupee (INR) pair prints a three-day winning streak near 83.20 by the press time.

Not only an upside break of the rising resistance line from early November 2022, now immediate support near the 83.00 round figure, but the bullish MACD signals also favor the USD/INR pair buyers.

It’s worth noting, however, that the RSI (14) line is nearly overbought and hence highlights the previous yearly peak of around 83.30, also the all-time high, as the key hurdle for the USD/INR bulls.

In a case where the India Rupee (INR) sellers dominate past 83.30, the odds of witnessing the pair’s rally towards the 84.00 round figure can’t be ruled out.

On the flip side, a daily closing below the resistance-turned-support line of around 83.00 becomes necessary for the USD/INR sellers to return.

Even so, a three-week-old ascending support line surrounding 82.75 will act as the last defense of the USD/INR bulls.

Above all, the Indian Rupee bears remain hopeful unless the quote provides a daily closing below the 200-DMA level of 82.15.

USD/INR: Daily chart

Trend: Further upside expected

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik