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荣获2019年City of London Wealth Management Awards
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2017年伦敦财富管理奖
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Capital Finance International Magazine (CFI.co)颁赠
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market news
USD/Indian rupee stabilizes around 86.00 as USD stabilizes
Wonderful introduction:
Let your sorrows be full of worries, and you can't sleep, and you can't sleep. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today XM Forex will bring you "[XM official website]: The US dollar/Indian rupee stabilizes around 86.00, because the US dollar is stable." Hope it will be helpful to you! The original content is as follows:
In the European trading session on Wednesday, the Indian rupee (INR) weakened against the US dollar (USD), abandoning its early gains as the US dollar stabilized. Although the rupee opened strongly in favorable risk sentiment, the rupee gradually moved lower during the trading process as the U.S. dollar index (DXY) remained stable near last week's lows. Meanwhile, crude oil prices remained stable after two days of sharp sell-off, with limited support for the rupee.
The USD/Indian Rupee showed a slight rebound, ending a three-day downtrend, rebounding from an intraday low around 85.80. The pair found support near the 21-day index moving average (EMA) and is currently trading around 86.02, after a light intraday rebound.
Geopolitical tensions in the Middle East have eased after Iran and Israel reached a ceasefire agreement, bringing some respite to the global market. Oil prices have stabilized after a sharp two-day selling, and risk aversion demand has cooled, supporting a wider range of risk sentiment. Although the rupee has gained some benefits in the easing of the situation, its response remains mild. The rupee is still under pressure from stable demand for the dollar, especially from oil xmmarkets.cnpanies, and remains sensitive to changes in global risk appetite.
Dollar/Indian Rupee Technical Outlook: Backtest is underway, currency pairs will trade within the range in the short term
Dollar/Indian Rupee is currently trading around 86.03, backtest breaks through the range, and has previously fallen from its recent high. The pair finds support around 85.91, approaching the upper boundary of the symmetrical triangle pattern. The pair recently broke through the symmetric triangle but encountered resistance below the 87.00 psychological threshold, triggeringCallback.
The Relative Strength Index (RSI) on the daily chart is falling, hovering above the neutral level of 53.02, indicating a weakening of bullish momentum and suggesting possible range trading between 85.80 and 86.90. Breaking through either side of the range may determine the next direction bias.
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