USD/INR Technical Analysis: Range breakdown confirmed, cautiously bearish
|USD/INR fell 0.51 percent yesterday, confirming a downside break of the contracting triangle on the daily chart.
The 14-day relative strength index (RSI) is reporting bearish conditions below 50. The pair, therefore, risks falling to 70.405 (Feb. 13 low).
The breakdown, however, could be short-lived if Ind-Pak tensions rise.
Daily chart
Trend: Bearish
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