USD/INR Price Analysis: Consolidates below 82.80 US default jitters turn investors anxious USDINR DollarIndex SupportResistance ChartPatterns Inflation
the tenterhooks as the market mood is quite cautious due to unending negotiations over raising the current $31.4 trillion US borrowing cap limit.Index is declining towards the immediate cushion of 104.00 after a perpendicular rally as the focus has shifted to the US Durable Goods Orders data.
USD/INR is marching towards the horizontal resistance of the Ascending Triangle chart pattern forming on the daily scale. The horizontal resistance of the aforementioned Upward-sloping 10-period Exponential Moving Average at 82.62 is providing a cushion to the US Dollar bulls.
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