The USD/INR has delivered strong bumps in the past week of trading, and there is plenty of reason to suspect the rather challenging ride ahead will be equally volatile.fits their desires in the coming days. As of this writing the USD/INR is near the 79.5600 ratio with quick action being demonstrated.After Testing Important Short Term Lows on Friday a Sudden Bullish Reversal Higher for USD/INR
. However, traders who follow fundamentals appreciate the behavioral sentiment being generated by U.S Federal Reserve interest rate hikes and outlooks. The slump to short term lows on Friday suddenly saw a reversal, when it became apparent via U.S economic data that wage inflation remains a credible danger in the States and theIf the 79.5100 level continues to prove durable as support for the USD/INR in the short term, this could spur on speculative buying positions.
Speculators who feel the USD/INR could test higher values should keep realistic targets and not aim for the stars.
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