Technical analysis: USD/INR keeps the bullish vibe unchanged
The Indian Rupee trades firmer on the day. The positive outlook of USD/INR remains intact as the pair is above the key 100-day Exponential Moving Average (EMA) on the daily chart. The bullish momentum is also supported by the 14-day Relative Strength Index (RSI), which hovers around 59.00, supporting the buyers for the time being.
An all-time high of 83.72 acts as an immediate resistance level of the pair. Any follow-through buying above this level will expose the 84.00 psychological barrier. On the downside, the initial support level is seen near a low of April 12 at 83.30. The crucial contention level to watch is the 83.00–83.10 region, portraying the round figure and the 100-day EMA. A breach of the mentioned level will pave the way to a low of March 14 at 82.80
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