USD/INR Price Analysis: Pair holds grounds above 82.50 psychological level


  • 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/INR 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

USD/INR: additional important levels

Overview
Today last price 82.5886
Today Daily Change 0.0070
Today Daily Change % 0.01
Today daily open 82.5816
 
Trends
Daily SMA20 82.8556
Daily SMA50 82.4123
Daily SMA100 82.3084
Daily SMA200 82.257
 
Levels
Previous Daily High 82.8
Previous Daily Low 82.3485
Previous Weekly High 83.5505
Previous Weekly Low 82.8946
Previous Monthly High 82.8334
Previous Monthly Low 81.6588
Daily Fibonacci 38.2% 82.6275
Daily Fibonacci 61.8% 82.521
Daily Pivot Point S1 82.3534
Daily Pivot Point S2 82.1252
Daily Pivot Point S3 81.9019
Daily Pivot Point R1 82.8049
Daily Pivot Point R2 83.0282
Daily Pivot Point R3 83.2564

 

 

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