The USDINR has maintained its bearish trend the past few days of trading and the Forex pair is now approaching important mid-term support.
of December, the USD/INR was trading near the 76.4400 level as it made highs not seen since the middle of June in 2020.
Traders must understand the current transactional volumes within the USD/INR are lighter than normal due to many international financial institutions not participating in the markets over the Christmas and New Year holidays.downwards the past couple of weeks has not been met by a durable reversal higher.
However, in the past five days of trading, before the Christmas holiday and early this week, the USD/INR has proven rather reliable as a selling opportunity.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD: Lower Short-Term Move May Attract Bullish WagersThe NZD/USD has seen some selling early this morning and is within sight of important short-term support, which may attract opportunistic speculative wagers.
Read more »
Gold Price Forecast: XAU/USD eyes a sustained move below $1,800, downside appears limited – Confluence DetectorGold Price Forecast: XAU/USD eyes a sustained move below $1,800, downside appears limited – Confluence Detector Gold XAUUSD Commodities Confluences Coronavirus
Read more »
USD/TRY defends 50-DMA as bulls eye a sustained move above 12.00USD/TRY is holding onto Tuesday’s advance while trading just below the 12.00 level, as bulls contemplate the next move amid thin end-of-year liquidity
Read more »
GBP/USD Price Analysis: Recovers early lost ground, bulls await a move beyond 1.3500 markGBP/USD Price Analysis: Recovers early lost ground, bulls await a move beyond 1.3500 mark By HareshMenghani GBPUSD Technical Analysis Majors Currencies
Read more »
EUR/USD Forecast: Year-end flows trigger noise, but no trend just yetEURUSD Forecast: The pair slipped to 1.1279 ahead of the US opening, bouncing afterwards to trade as high as 1.1368. The pair finally stabilized at around 1.1340, where it trades by the end of the day. Markets Analysis
Read more »
NZD/USD: Lower Short-Term Move May Attract Bullish WagersThe NZD/USD has seen some selling early this morning and is within sight of important short-term support, which may attract opportunistic speculative wagers.
Read more »