Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/INR Price News: Indian rupee sellers battle short-term hurdle around mid-73.00s

  • USD/INR pokes intraday high amid second consecutive positive day.
  • Two-week-old resistance line guards immediate run-up, falling trend line from April 21, 200-SMA add to the upside filters.
  • Bullish MACD backs corrective pullback, bears need clear break of 73.20 to tighten the grips.

USD/INR extends the week-start recovery to 73.51, up 0.05% intraday, amid the initial Indian trading session on Tuesday.

The Indian rupee (INR) pair dropped to the fresh low since early April on Friday but multiple lows marked in over five weeks triggered the quote’s corrective pullback afterward.

The recovery moves also propel the MACD bullish signals to attack a downward sloping resistance line from April 26.

Although buyers are likely to overcome the immediate hurdle around 73.52, any further upside seems doubtful as another downward sloping trend line from April 21 and 200-SMA, respectively near 73.90 and 74.15, could test the USD/INR bulls afterward.

Meanwhile, 73.20 becomes the key short-term support before the 73.00 threshold.

USD/INR four-hour chart

Trend: Further recovery expected

 

Crude Oil Futures: Look neutral near-term

Open interest in Crude Oil futures markets rose by more than 5K contracts on Monday according to preliminary readings from CME Group. Volume followed
Read more Previous

NZD/USD: Door open to the 0.7330 level – UOB

The stance for NZD/USD remains firm and could attempt a move to the 0.7330 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes
Read more Next