The USD/INR pair struggles to capitalize on its gains registered over the past two days and oscillates in a narrow trading band through the Asian sess
ion on Wednesday. Spot prices currently trade just below the monthly peak, around the 83.30-83.35 region touched last week, which should now act as a key pivotal point for short-term traders.
From a technical perspective, spot prices are holding comfortably above technically significant 100-day and 200-day Simple Moving Averages . Furthermore, oscillators on the dailyhave just started moving in the positive territory and favour bullish traders. That said, it will still be prudent to wait for some follow-through buying before positioning for further gains.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/INR Price Analysis: Sticks to modest intraday gains above 83.00 amid stronger USDThe USD/INR pair regains positive traction on the first day of a new week and moves away from a nearly three-week low, around the 82.80-82.75 region t
Read more »
USD/INR Price Analysis: Climbs to 83.20-25 area, back closer to monthly swing highThe USD/INR pair gains some positive traction for the second successive day on Tuesday and climbs to a multi-day peak during the Asian session. Spot p
Read more »
GBP/USD Price Analysis: Remains on the defensive below the 1.2250 mark amid the oversold conditionThe GBP/USD pair remains on the defensive below the mid-1.2200s during the Asian session on Monday. Market players await the release of the UK’s Gross
Read more »
Silver Price Analysis: XAG/USD juggles around $23.50 as Fed sees further policy tighteningSilver price (XAG/USD) corrects gradually to near $23.50 after hawkish commentary from Federal Reserve (Fed) policymakers. The white metal failed to e
Read more »
Here are the Possible Outcomes for XRP This Week (Ripple Price Analysis)Ripple's price has been consolidating in a tight range over the past few weeks following a massive crash. Currently, XRP is testing a key area, and its
Read more »
AUD/USD Price Analysis: Struggles for a direction amid sideways US DollarThe AUD/USD pair remains inside the woods above the round-level support of 0.6400. The Aussie asset struggles to find a direction as the US Dollar has
Read more »