- Analytics
- News and Tools
- Market News
- USD/INR holds grounds above 82.50 psychological level on robust US employment data
USD/INR holds grounds above 82.50 psychological level on robust US employment data
- USD/INR trades higher due to the positive tone around the US Dollar (USD).
- 23.6% Fibo acts as the barrier following nine-day EMA at 82.84.
- Indicators suggest the bearish sentiment of USD/INR traders.
USD/INR trades sideways around 82.50 psychological level at the time of writing during the Asian session on Friday, recovering recent losses. The pair is cheering up the positive sentiment around the US Dollar (USD) due to the upbeat US employment data released on Thursday.
The 23.6% Finonacci retracement at 82.62 acts as immediate resistance, followed by the 38.2% Finonacci retracement at 82.79. A break above the latter could support the USD/INR pair to explore the nine-day Exponential Moving Average (EMA) at 82.84.
On the downside, the pair could meet support around the weekly low at 82.37 level, followed by the 82.00 psychological level.
The 14-day Relative Strength Index (RSI) remains below 50, which suggests a bearish bias of the USD/JPY traders. The Moving Average Convergence Divergence (MACD) line stays above the centerline but lies below the signal line, which suggests that recent momentum is weaker.
USD/INR: Daily Chart
© 2000-2024. 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
