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USD/INR Price News: Bulls cannot catch a break, bounded by daily R3

  • USD/INR rejected at R3 and trapped for foreseeable future.
  • 74 the figure remains elusive for time being. 

USD/INR is trapped below daily R3 on the camarilla pivots. The following illustrates where the break needs to happen for the bulls in order to target the prior daily support structure. 

USD/INR daily chart

As illustrated, the price reached a level that was rejected the prior day and this falls in at the R3 pivot. The price needs to break there for a move into the old support as shown above near 74 the figure. 

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