Market Conditions for USDINR as at Dec 04, 2019
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Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for US Dollar/Indian Rupee
US Dollar/Indian Rupee ProfileThe US Dollar/Indian Rupee (USD/INR) is a Forex (FX) currency pair traded in foreign exchange spot transactions around the globe. USD is the base currency and INR is the quote currency, meaning that 1 US Dollar was worth 71.3690 Indian Rupee at the end of the New York trading session on Wednesday, -0.43% less than at the previous close.
Technical Analysis Summary for Dec. 4, 2019
While the forex pair is currently in a short-term downtrend, this could just be a correction, as both the medium and long-term trends are still bullish. Wednesday's trading range has been 4370 pips (0.61%), that's above the last trading month's daily average range of 3787 pips. Selling might speed up should prices move below the nearby swing low at 71.0625 where further sell stops could get triggered.
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