The Indian Rupee trades on a stronger note on the day. However, the bullish outlook of USD/INR remains in place as the pair is forming an ascending triangle and remains above the key 100-day Exponential Moving Average (EMA) on the daily timeframe. Additionally, the 14-day Relative Strength Index (RSI) holds in bullish territory around 55, supporting the buyers for the time being.
The first upside barrier will emerge near a high of April 15 at 83.50. Further north, the next hurdle is located near the upper boundary of ascending triangles of 83.71, followed by the 84.00 psychological round mark
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