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As of this writing, the USD/INR is near the 82.3280 ratios with price action appearing normal for the time being.
After touching a low slightly below the 81.0000 level to start the month of December, the USD/INR has displayed an incremental climb and has proven resistance levels to be vulnerable.

However, much of the upwards momentum has come in sudden bursts . One of the darts higher occurred on the 6th of December when the USD/INR essentially shot from the 81.9000 juncture to the 82.3300 mark within short amount of time.The Past Week has seen a Test of the Higher Range in the USD/INR

Since jumping early last week higher above the 82.0000 ratio, the USD/INR has endured a battle within its short-term higher range.
This has come as technical and fundamentals clash with behavioral sentiment becoming slightly more nervous. It is worth noting that the highs produced swiftly yesterday, which touched the 82.7800 realms were then hit with a fairly solid amount of selling pressure.

The test of this higher price range and return to last week's value which was hit is intriguing and sets the table for more tests to come for speculators . The short-term for the USD/INR looks ready to potentially deliver more volatility and traders who are conservative should remain cautious.USD/INR Price Levels Causing Nervousness for Traders

• As the USD/INR traverses above the 82.0000 ratios with a rather sustained effort the past week of trading, speculators are likely growing nervous as the currency pair remains within sight of all-time highs which were seen in the third week of October when the 83.3000 prices were tested.
• The selloff in the USD/INR since hitting those apex prices in October had seen a rather consistent bearish move. A low around the 80.4600 mark was seen on the 11th of November, one month ago. But then a move higher developed.

However, the move higher the past month has not been a one-way street. After reversing higher from the November lows, buying and selling have seen whipsaw movements. The test of the current value range leaves speculators in a precarious place and one where perception and bias will have to be evaluated.

The USD/INR may be overbought and moves higher than test technical resistance, which may lead some speculators to wager on downside momentum developing . Traders should not be overly ambitious in the short term and use proper risk -taking tactics. Choppy conditions are likely to ensue. However, betting on some downside pressure for quick-hitting selling positions may prove to be worthwhile for traders using solid take-profit targets.USD/INR Short-Term Outlook:

Current resistance : 82.3890

Current Support: 81.2810

High Target: 82.5300

Low Target: 82.1810

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