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20 Oct 2021
USD/INR Price Analysis: Bulls in charge and eye upside extension
- USD/INR bulls stay in charge and eye an upside continuation.
- USD/INR holds above the required support area on the daily chart for an upside continuation.
As per the prior analysis in the previous Asian session, USD/INR Price Analysis: Bulls advance and eye fresh daily highs, the price is behaving accordingly to the bullish outlook. The following is an analysis of the same daily chart that illustrates the prospects of an upside continuation.
USD/INR daily chart
The price corrected to the prior resistance and has started to correlate. The bulls are accumulating at this juncture so there are prospects of an upside continuation.