USD/INR Price News: Indian rupee holds firm at 50% mean reversion
- USD/INR bulls holding firm from a test of the 50% mean reversion level.
- A break of support opens risk of a test 73 the figure.
USD/INR is firming at the 50% mean reversion of the prior bullish impulse on the daily chart. There are prospects of an onward bullish continuation for the days ahead would the US dollar continue to pick up a bid.
USD/INR, daily chart
The bulls will seek out the 74 figure that meets the prior daily support ahead of the 74.50s.
On the downside, 73.16 will be eyed ahead of dynamic trendline support on a break of 73 the figure.
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September 12, 2021 at 04:16PM