- USD/INR has pulled back from daily resistance and bears are in control.
- The price is en-route for the 75 figure and the 38.2% Fibo just ahead of it.
As per the prior day's analysis, USD/INR Price News: Rupee edges lower into critical resistance, whereby the price was projected to correct, the Rupee has indeed firmed and the bears are hunting down a test to 75 the figure.
USD/INR prior analysis
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USD/INR live market update
-637697705812492045.png)
As illustrated, the price is moving below the daily highs and away from resistance. This leaves prospects of a run towards the 75 figure and first, a test of the 38.2% Fibonacci retracement level for the coming days.
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