এখন থেকে আমরা Elev8

আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?

USD/INR New York Price Forecast: Greenback challenging 71.20 support vs. rupee

  • USD/INR’s bear flag could drive the price down.
  • The level to beat for sellers is the 71.20 level.
 
 

USD/INR weekly chart

 
The market is trading above the main weekly simple moving averages (SMAs). After the 2018 bull market, USD/INR has been consolidating in a rectangle formation. 
 

USD/INR daily chart

 
The spot formed a bear flag pattern within a rectangle. Bears want to break below the 71.20 support to drive the market towards the 70.40 level. On the flip side, a break above the 72.00 figure could open the gates to 72.40 resistance. 
  

Additional key levels

 

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