USDINR slips below the 100-hour moving average, signaling early signs of weakening bullish momentum.
Key support sits at the 89.7900 swing area, with sellers needing a break below to extend downside pressure.
A move under the 200-hour moving average (89.7560) would mark a major shift, giving sellers clearer control for the first time since November 19.
USDINR Slips as Momentum Fades
The USDINR is coming off the boil, slipping back below both the rising 100-hour moving average and a nearby trend line near the 90.00 level. The 100-hour MA itself has begun to tilt lower, now sitting near 89.9897, signaling a potential shift in short-term momentum. Breaking back beneath this moving average is an important first step in turning the bias more bearish—but sellers still have additional hurdles to clear.
Key Support Zone Approaches: The 89.79 Swing Area
Looking at the hourly chart, the next critical level sits at the 89.7900 swing area, a zone highlighted in prior technical discussions. Today’s lows have stalled just ahead of that support, suggesting buyers are still willing to defend the area on initial tests.
If sellers can push the price below 89.79, downside momentum would likely accelerate, flipping the market sentiment further toward bearish control.
The 200-Hour Moving Average: A Major Decision Point
The next major target sits at the rising 200-hour moving average, currently near 89.7560 and inching closer to the swing-area support. The convergence of these two levels over the next 24 hours will create a technical inflection zone.
A break below both the 89.79 swing area and the 200-hour MA would give sellers the clear go-ahead to extend the move lower. It would also mark a meaningful shift: the last time USDINR traded materially below its 200-hour MA was back on November 19. A move under this longer-term measure would be a strong signal that sellers have regained broader control.
Bottom Line: Sellers Have an Opening—Now They Must Follow Through
The break back below the 100-hour MA is a step in the right direction for sellers, but the real test lies ahead.
Below 89.79 = downside opens.
Below the 200-hour MA = sellers take firmer control.
Until price takes out these deeper levels, buyers still have room to hold the line.
