In this video, the Trader Guy looks at the USD/INR pair for the August 4th session
USD/INR — The market rallied slightly on Monday session. This market needs to clear resistance at the 50-day EMA. A break above the 75.00 level is bullish and the next target is 76.50. A break down below the 74.00 level, then the 200-day EMA is the next support. This market is being influenced by the liquidity provided by the Fed. Also, the coronavirus situation in India cannot help the rupee either,. However, the downside looks more likely at the moment.