Indian Rupee trades flat on the day. However, the USD/INR pair shows a significant upward movement on the daily chart, with the price holding above the key 100-day Exponential Moving Average (EMA) and the two-month-old uptrend line. The bullish momentum is supported by the 14-day Relative Strength Index (RSI), which stands near 65.50, suggesting a continuation of the uptrend.
A decisive bullish breakout above the 84.00 psychological barrier could pave the way to the all-time high of 84.24. If the upswing continues, it may take the pair to 84.50.
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