USD\/INR resumes its upside in the longer term since the pair surged above a multi-month-old descending trend <\/strong>channel last week. In the near term, the bullish outlook of USD\/INR remains intact as the pair holds above the key <\/strong>100-day EMA on the daily chart. Additionally, the 14-day Relative Strength Index lies above the 50 midline, indicating <\/strong>there is still room for near-term USD\/INR appreciation. An all-time high of 83.49 remains a tough nut to crack for <\/strong>USD\/INR buyers. A decisive break above this level will pave the way to the 84.00 psychological level. On the flip side, <\/strong>the resistance-turned-support level at 83.20 acts as an initial support level. The crucial contention level is seen at the <\/strong>confluence of the 100-day EMA and the round figure of the 83.00 mark. A bullish breakout above the mentioned level <\/strong>might attract bulls and the pair might reach to 84.50, followed by an 85.00 round figure. <\/strong><\/p>\r\n <\/p>\r\n CLICK TO OPEN FOR MORE INFORMATION ABOUT CURRENCY UPDATE :\u00a0<\/strong><\/p>\r\n