Indian Rupee holds in critical area
- USD/INR bulls are tiring following the recent daily bullish impulse.
- The supply area achieved is critical and bulls need to move higher from here for a break of the upside.
USD/INR is consolidating the recent move to the upside and the subsequent correction in critical daily support as follows:
USD/INR daily chart
The price of USD/INR met the daily support zone and is now in the process of consolidation at a critical juncture. If the price fails to move higher from here, there is an argument for a long term consolidation with 74.50 eyed as a downside target.