USD/INR trades higher around 83.20 lined up with immediate resistance near the 21-day Simple Moving Average (SMA) at 83.
USD/INR snaps the three-day losing streak. 21-day SMA at 83.22 acts as the immediate barrier.
indicator suggests a bearish trend in the market sentiment. 22. The USD/INR pair could gain more profitsin the short term as the 50-day SMA lies slightly above the latter at 83.24. The USD/INR pair bounces back from the recent losses incurred in the previous session, particularly after the release of disappointing US Non-Farm Payrolls data on Friday.
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