USD/INR: Short-term pullback on a break under 82.30 – SocGen USDINR Banks
USD/INR remains below the 83 mark. Economists at Société Générale highlight the key technical levels to watch.“USD/INR has evolved within a large sideways consolidation resembling an ascending triangle after facing resistance near 83.30 last October; a clear direction has been lacking.”
“Recent bullish gap at 82.30 is first layer of support. In case this gets violated, a short-term pullback is likely.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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