Forex Flash: USD/INR poised for return to bear trend - RBS
FXstreet.com (San Francisco) - USD/INR has pushed below the 55.20 support zone to fall to a fresh three-week low of 55.05, recording a 0.8% loss this Tuesday ahead of the closing bell in New York.
From RBS: "In Technical Perspectives, USD/INR suddenly looks like it's ready to return to a bear trend as it breaks south from a diamond reversal pattern. The important level to break is the pivotal polarity level at 54.312, but below there and the market could pick up pace down to the 50.32 level."
From RBS: "In Technical Perspectives, USD/INR suddenly looks like it's ready to return to a bear trend as it breaks south from a diamond reversal pattern. The important level to break is the pivotal polarity level at 54.312, but below there and the market could pick up pace down to the 50.32 level."
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